The depegging of USD Coin (USDC) and Dai (DAI) from the US dollar resulted in more than $2 billion in loan repayments on decentralized lending protocols Aave and Compound, with borrowers saving a total of over $100 million. USDC and DAI started heading back toward their peg, and repayment activity tapered off in the following days. (Read More)
from Blockchain News https://ift.tt/Ybixj69
Depegging of USDC and DAI Saves Borrowers $100 Million
![Depegging of USDC and DAI Saves Borrowers $100 Million]()
Reviewed by CRYPTO TALK
on
March 14, 2023
Rating:
No comments: