{"id":22249,"date":"2023-09-12T04:49:20","date_gmt":"2023-09-12T04:49:20","guid":{"rendered":"https:\/\/nftandcrypto-news.com\/crypto\/stablecoin-de-pegging-plagued-usdc-and-dai-more-than-others-analysts\/"},"modified":"2023-09-12T04:49:22","modified_gmt":"2023-09-12T04:49:22","slug":"stablecoin-de-pegging-plagued-usdc-and-dai-more-than-others-analysts","status":"publish","type":"post","link":"https:\/\/nftandcrypto-news.com\/crypto\/stablecoin-de-pegging-plagued-usdc-and-dai-more-than-others-analysts\/","title":{"rendered":"Stablecoin de-pegging plagued USDC and DAI more than others: Analysts"},"content":{"rendered":"
Dollar-pegged stablecoins are not immune to dropping their pegs, but some such as Circle\u2019s USD Coin (USDC)\u00a0and MakerDAO\u2019s Dai (DAI), have been more prone to depegging than others, according to analysts at S&P Global.<\/p>\n
A September research paper from Dr. Cristina Polizu, Anoop Garg and Miguel de la Mata, delved into stablecoin valuation and depegging for five leading stablecoins: Tether (USDT), Binance USD (BUSD), Paxos (USDP), USDC and DAI.<\/p>\n
The analysis revealed that USDC and DAI have spent more time below a dollar than USDT and BUSD\u00a0over the past two years. In the longest and deepest de-peg event, USDC was below $0.90 for 23 minutes and DAI for 20 minutes.<\/p>\n
However, USDT dipped below $0.95 for only one minute, while the price for BUSD did not drop below $0.975 at all between June 2021 and June 2023.<\/p>\n