NYDIG Says Stablecoins’ $1 Peg Is a ‘Myth’ After $500B Crypto Crash, arguing that tokens like USDC, USDT, and USDe merely float on supply and demand—not true dollar pegs—as last week’s sell-off exposed their fragility, with some plunging as low as $0.65.

NYDIG Says Stablecoins’ $1 Peg Is a ‘Myth’ After $500B Crypto Crash, arguing that tokens like USDC, USDT, and USDe merely *float on supply and demand*—not true dollar pegs—as last week’s sell-off exposed their fragility, with some plunging as low as $0.65.

Coindesk •