Crypto
Abracadabra takes emergency action as MIM stablecoin depeg worsens
The protocol is raising interest rates across all Cauldrons to encourage debt repayment and reduce supply.
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Depeg
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Latest on Depeg
Newest firstCrypto
Euro and USD stablecoins depeg amid ongoing $2.8M StablR exploit
The suspected cause is a private key compromise of one owner in the minting multisig account, said Blockaid.
Crypto
Resolv Labs' stablecoin depegs as attacker mints millions of tokens
An attacker has exploited the Resolv USR stablecoin to mint 80 million tokens and has reportedly been able to cash out at least $25 million.
Crypto
USX briefly depegs on Solana DEXs before liquidity support restores price
The USX stablecoin briefly slipped below its dollar peg on Solana DEXs before recovering after its issuer injected liquidity into secondary markets.
Crypto
Explanations of USDe 'depeg' on Binance focus on coordinated attack, oracles
. Ethena founder Guy Young said the USDe depegging event on Binance that sent the token to $0.65 was an isolated issue not tied to fundamentals..
Transport
Synthetix founder threatens SNX stakers with 'the stick' to fix SUSD depeg
. . Synthetix founder Kain Warwick has threatened SNX stakers with "the stick" if they don't take up a newly launched staking mechanism to help fix the protoco…
Crypto
Synthetix's sUSD stablecoin continues fall after depeg, tapping $0.68
. . The Synthetix protocol's native stablecoin, Synthetix USD (SUSD), has slipped further away from its US dollar peg, reaching new all-time lows under $0.70.…
Crypto
First Digital redeems $26M after FDUSD depeg, dismisses Sun insolvency claims
. . First Digital has redeemed almost $26 million in stablecoin withdrawals after its FDUSD token briefly lost its US dollar peg following allegations of insol…