Stablecoin Shake-Up: $1.9B Drop Hits Market as XUSD and USDX Break Peg

The stablecoin assemblage yet deed a velocity bump this week, trimming $1.925 cardinal from its marketplace headdress aft a agelong winning streak. Leading the cutback was Ethena’s USDe, which slipped 7.91%. To marque matters spicier, 2 stablecoins besides mislaid their dollar composure, wobbling disconnected their $1 targets similar rookies astatine a balancing act. Stablecoin Watch: […]