$USDC On June 15, the stablecoin USDT - the largest stable value digital currency in the world - depreciated, causing concern on social media. In the cryptocurrency market, stablecoins have always been stable at a conversion rate of 1:1 with USD. The depreciation of stablecoins (losing peg) poses many risks to users. A year ago, the stablecoin UST lost its peg and led to the historic collapse of Terraform Labs.

According to Bloomberg