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Analysis Shows Some Dollar-Pegged Stablecoins More Prone to Depegging Than Others

According to analysts at S&P Global, some dollar-pegged stablecoins are more prone to depegging than others, with Circle's USD Coin (USDC) and MakerDAO's Dai (DAI) being the most susceptible. A research paper from September examined the valuation and depegging of five leading stablecoins, including Tether (USDT), Binance USD (BUSD), Paxos (USDP), USDC, and DAI.

The analysis showed that USDC and DAI spent more time below $1 than USDT and BUSD over the past two years, with USDT being the most stable. The researchers concluded that maintaining the peg and a stabilization mechanism requires good governance, adequate collateral and reserves, liquidity, market confidence, and adoption.

Tether USDt Tether USDt $1.00
-0.04%
stablecoins USDC Dai
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