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From pexels

Multiple Stablecoins Depegged

By Yugocean | Crypto Champion | 12 Mar 2023

The value of multiple stablecoins—DAI, USDC, USDD, and FRAX—unexpectedly dropped below 95 cents together; despite some regains, their value is still not pegged.


DAI, USDC, USDD, and FRAX are all US dollar-pegged stablecoins. DAI is a product of the Maker Protocol; USDC is developed by Circle, along with Coinbase; while USDD is from the TRON DAO; and FRAX is from the Frax Protocol.

Market Position

DAI is among top 20, and USDC is among top 5 cryptos in the market, while USDD is among top 60, Frax is in top 50.

Is This Dollar effect?

Some people believe that there is a subliminal message warning of the fall of the dollar, as multiple countries are now doing business in currencies other than the US dollar.

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