A stablecoin designed to maintain a $1 peg crashed to $0.37 on 6 November, losing 63% of its value in hours. The collapse came after the founder was accused of draining millions in liquidity.
A stablecoin designed to maintain a $1 peg crashed to $0.37 on 6 November, losing 63% of its value in hours. The collapse came after the founder was accused of draining millions in liquidity.
