DAI Depegs as Stablecoin Rout Plagues Crypto - Coinleaks
Current Date:September 21, 2024

DAI Depegs as Stablecoin Rout Plagues Crypto

As the market continues to digest the impact of the sudden collapse of tech-focused Silicon Valley Bank, days after Silvergate went into voluntary liquidation, algorithmic stablecoin DAI has been knocked off its peg and has hit an all-time low of 0.88 cents.

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