Stablecoins' $1 Peg Is a 'Misconception,' Says NYDIG After $500 Billion Market Meltdown
NegativeCryptocurrency

NYDIG has recently stated that the common belief in stablecoins maintaining a $1 peg is a misconception, especially following a staggering $500 billion market meltdown in the cryptocurrency sector. This revelation is significant as it challenges the perceived stability of stablecoins, which many investors rely on during market volatility. Understanding the true nature of these assets is crucial for investors looking to navigate the increasingly unpredictable crypto landscape.
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