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A Cork in the System: Plugging Stablecoin Risk
Stablecoins have become integral to the cryptocurrency ecosystem, offering a bridge between volatile digital assets and traditional fiat currencies. Major stablecoins like Tether (USDT), USD Coin (USDC), and DAI collectively represent a significant portion of the crypto market capitalization.Every Peg Has Its Day of DepegDespite their intended stability, stablecoins are susceptible to "depegging"—a scenario where their value diverges from the pe…
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