The divergence of USD Coin (USDC) and Dai (DAI) from the dollar parity has resulted in borrowers’ savings totaling more than $100 million in loans.
Blockchain analyticalFlipside Crypto, one of the leading names of companies, USDCWhile the stability problem experienced by the borrowers continues, in loan repayments 84.1 million dollar said to save money. Looking at the DAI side, it is because of the stability problem of the users. 20.8 million dollar reported savings. Silicon Valley Bank ( SVB) After the collapse notification on March 10, USDC made a statement, in SVB He said he had reserves. After these events 0.87 dollarsdeclining as much USDC has instilled fear into the crypto market. In the chain of events, many users savingit seems to do.
Developments on Stablecoin Continuing
Stablecoins, which have been having problems in the past days, are on the attack. Especially in stablecoins deviating from the dollar parity. USDC, it had a great impact. of USDCthe issuer Circle, pointing to the date of 13 March on the events that took place, stated that the situation would be resolved.
With USDC and DAI approaching the dollar party, The dark clouds in the crypto market have disappeared. Upon the successive positive developments, positive events were seen not only for the crypto sector, but also for other sectors. Along with the stablecoin issues, many users with “credit repayments” saved were reflected in the reports.
