5903C8A84D206A7E41D27AF23A38D082A73B7FEBA4FCAE46C659C2A21D01A289 XXwX1y Depegging of USDC and DAI Saves Borrowers $100 Million

Depegging of USDC and DAI Saves Borrowers $100 Million

The depegging of USD Coin (USDC) and Dai (DAI) from the US dollar resulted in more than $2 billion in loan repayments on decentralized lending protocols Aave and Compound, with borrowers saving a total of over $100 million. USDC and DAI started heading back toward their peg, and repayment activity tapered off in the following days. (Read More)

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