$USUAL Here is the main reason why it fell today:
This morning (07:00 AM UTC), the Usual protocol experienced a massive USD0 sell-off triggered by a single whale’s trade on the secondary market, which raised doubts about the USD0 peg. USD0 briefly dipped to $0.99 before re-pegging to $1 within a few seconds, initially with some bps deviation due to constant sell-offs, and then fully re-pegging after a few hours.
Historically, the USD0 peg has remained one of the strongest on the market, which can be verified by anyone. FDUSD, PYUSD, or USDe often trade a few bps below their $1 peg more frequently than USD0.
-Well, it's time to rebound to ATH