In short When a stablecoin or pegged asset trades away from the value it is meant to track.
Brief, small deviations are routine. A persistent discount signals doubts about reserves or redemption; TerraUSD's collapse in 2022 is the extreme case.
In short When a stablecoin or pegged asset trades away from the value it is meant to track.
Brief, small deviations are routine. A persistent discount signals doubts about reserves or redemption; TerraUSD's collapse in 2022 is the extreme case.
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