USDC and DAI more susceptible to depegging than other stablecoins, claimed analysts.
Crypto analysts caution that USDC and DAI are at higher risk of losing their dollar parity than other stablecoins.
The paper looked at 24 months of historical price data, concluding in June 2023. During this period, the prices of all five stablecoins were meant to maintain a $1 parity. However, it found that USDC and DAI suffered the most significant falls, dropping to as low as $0.87 and $0.85 during the Silicon Valley BankInterestingly, stablecoin prices are influenced by events within the cryptocurrency ecosystem and external factors in the broader financial industry.
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