Post
Topic
Board Speculation (Altcoins)
Re: DAI and USDC depegged!
by
robattfield
on 22/03/2023, 04:11:29 UTC
I think it was just a momentary panic caused by the bank, because everyone was panicking, then there was a mass sale, and when that happened, the price dropped quickly, but now the price has returned to normal, because it actually didn't really affect the usdc and also the incident happened on a weekend and at that time the bank was closed, and started to recover when it was Monday.
Well that panic was calmed six months later, the point is this is not the first time we've seen stablecoins lose pegs. However, this incident is of a more serious nature when the banking system is at risk of going out of control.
Although not absolutely safe, seeing the collapse of many big banks makes this market more and more confident.