Another stablecoin loses peg as algorithm fails to keep pace

2022-05-16

May 17, 2022 9:25 AM

PORTLAND, Oregon (BLOOMBERG) – Deus Finance’s DEI token has lost its 1-to-1 peg to theUS dollar, becoming the latest failure of an algorithmic stablecoin during a period of crypto market stress.

Source : https://www.straitstimes.com/business/companies-markets/another-stablecoin-loses-peg-as-algorithm-fails-to-keep-pace

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Another stablecoin loses peg as algorithm fails to keep pace

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