The stablecoin sector finally hit a speed bump this week, trimming $1.925 billion from its market cap after a long winning streak. Leading the cutback was Ethena’s USDe, which slipped 7.91%. To make matters spicier, two stablecoins also lost their dollar composure, wobbling off their $1 targets like rookies at a balancing act. Stablecoin Watch: […]
Source: https://news.bitcoin.com/stablecoin-shake-up-1-9b-drop-hits-market-as-xusd-and-usdx-break-peg/