USD-Pegged Stablecoins

Synthetix USD stablecoin loses dollar peg, drops to 5-year low of $0.83

Cork Protocol co-founder Rob Schmitt said the stablecoin's design shares similarities with Terra's UST but has a “more manageable” debt governance system.

Apr 10, 2025 - 16:04
Synthetix USD stablecoin loses dollar peg, drops to 5-year low of $0.83
StablecoinCork Protocol co-founder Rob Schmitt said the stablecoin's design shares similarities with Terra's UST but has a “more manageable” debt governance system.
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