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What last week’s crypto crash can teach us about stablecoins’ value | PaymentsSource

What last week’s crypto crash can teach us about stablecoins’ value | PaymentsSource

What last week’s crypto crash can teach us about stablecoins’ value
Noelle Acheson notes that last week’s crypto crash highlighted an overlooked aspect of stablecoins: They have both a stable value and a market-traded price, but the two don’t always match.

Bloomberg, Kaiko

If you are among the fortunate few to have been away from screens last week, you missed some market fireworks. The prices of precious metals plunged and soared and plunged, and momentum stocks suffered their worst rout since the pandemic. But that drama and more was eclipsed by a spectacular crash in crypto assets.

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After an all-too-typical period of sideways movement, crypto prices started dropping toward the end of the previous week, continued falling into the weekend, and by last Thursday, the downward lurches…

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