Crypto Talk
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Bullish
$USUAL Whale trading triggers a temporary drop of USD0, Usual protocol: has resumed stability
According to the Usual Protocol, at 7:00 UTC on January 1st, an unexpected stress test occurred. A Whale's large-scale transaction in the secondary market triggered significant dumping of USD0, causing concerns about its stable anchoring to $1. The price of USD0 briefly dropped to $0.99 but quickly recovered within seconds, despite slight basis point deviations during the continuous dumping. Several hours later, USD0 fully recovered to its anchored price of $1.
As usual, agreements indicate that compared to similar stablecoins like FDUSD, PYUSD, and USDe, USD0 is more reliable, with the latter often trading at slightly below 1 USD. Today's event, although a rare stress test, once again validates the resilience of USD0 design.
#Write2Earn
According to the Usual Protocol, at 7:00 UTC on January 1st, an unexpected stress test occurred. A Whale's large-scale transaction in the secondary market triggered significant dumping of USD0, causing concerns about its stable anchoring to $1. The price of USD0 briefly dropped to $0.99 but quickly recovered within seconds, despite slight basis point deviations during the continuous dumping. Several hours later, USD0 fully recovered to its anchored price of $1.
As usual, agreements indicate that compared to similar stablecoins like FDUSD, PYUSD, and USDe, USD0 is more reliable, with the latter often trading at slightly below 1 USD. Today's event, although a rare stress test, once again validates the resilience of USD0 design.
#Write2Earn
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