Research from S&P Global revealed that USDC and DAI were more prone to de-peg events than USDT and BUSD over the past two years.
than USDT and BUSD over the past two years. In the longest and deepest de-peg event, USDC was below $0.90 for 23 minutes and DAI for 20 minutes.dipped below $0.95 for only one minute, while the price for BUSD did not drop below $0.975 at all between June 2021 and June 2023.Moreover, the frequencies of de-pegging were far higher for USDC and DAI than USDT and BUSD over the two-year period.
The researchers noted that one-minute de-peg events “can be attributed to noise,” especially for thresholds closer to $1. Longer de-peg events were considered “more meaningful” but the results still favored USDT over USDC.USDC dropped to $0.87 in March 2023 in connection with the
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