$USDC Stablecoins like Tether (USDT), USD Coin $USDC (USDC), and Dai (DAI) maintain fiat pegs through collateral or algorithms. USDT holds dollar reserves, audited periodically, to ensure 1:1 backing. USDC follows similar transparency, while DAI uses over-collateralized crypto assets on Ethereum. Depegging risks arise from reserve mismanagement or market panic—think TerraUSD’s collapse. If trust in reserves wanes, mass redemptions can break the peg, causing price drops.$OP