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USDB, the stablecoin launched by Blast, experienced significant volatility this morning. Initially, USDB depegged by more than 5%, falling to $0.9421 and even below $0.90. However, it has since recovered to approximately $0.9945 and is currently at $0.95. USDB is primarily backed by DAI, which has maintained its value at $1. This incident highlights the inherent risks associated with stablecoins, even those pegged to other assets.
USDB Drama: Lessons from the Depeg USDB, the stablecoin launched by Blast, took a dive this morning, slipping over 5% to $0.9421 before bouncing back to around $0.9945. For those holding USDB, remember: no stablecoin is entirely risk-free, especially when pegged to other assets… https://t.co/8MDw2DgV5U
USDB Rollercoaster: Blast’s Stablecoin Gets Shaky! USDB, Blast's stablecoin, went on a bumpy ride this morning, depegging over 5% down to $0.9421. But don't sweat it - it's bounced back to about $0.9945. USDB's anchored to DAI, so this volatility's a wake-up call about those… https://t.co/lG491XlFzV
According to CMC, during this sharp drop in the morning, USDB, the stablecoin officially launched by Blast, once depegged by more than 5% to $0.9421. Currently, USDB has recovered to about $0.9945. USDB is mainly pegged to DAI. https://t.co/8C727AKy9C https://t.co/gTt2NmVEDV
