USDC's Depeg Laid Bare the Risks Traditional Finance Poses to Stablecoins


$ 79,530.5
€ 70,596.5
¥ 38,800.0
£ 61,154.4
BTC
-3.38 %
$ 1,523.31
€ 1,352.11
¥ 743.39
£ 1,171.85
ETH
-7.46 %
$ 200.92
€ 178.25
¥ 98.16
£ 154.47
XMR
-0.61 %
$ 74.18
€ 65.84
¥ 36.14
£ 57.05
LTC
-1.77 %

A Moody's analyst examines how the recent banking crisis spilled into crypto, and why alternatives to stablecoins like tokenized bank deposits and CBDCs may be needed to prevent contagion.