Analyst: Stablecoin Depegging Events Have Greater Impact on USDC and DAI Than Other Stablecoins
According to a new report from S&P Global, Circle and MakerDAO's stablecoins have been more volatile than Tether and Binance's stablecoins over the past few years. Over the past two years, USDC and DAI have spent longer periods below $1 compared to USDT and BUSD, with the longest and deepest depegging events seeing USDC drop below $0.90 for 23 minutes and DAI for 20 minutes.
According to a new report from S&P Global, Circle and MakerDAO's stablecoins have been more volatile than Tether and Binance's stablecoins over the past few years. Over the past two years, USDC and DAI have spent longer periods below $1 compared to USDT and BUSD, with the longest and deepest depegging events seeing USDC drop below $0.90 for 23 minutes and DAI for 20 minutes.