“Stablecoins are not pegged to $1. Period,” NYDIG Says After $500 Billion Market Withdrawal
NYDIG is putting to rest what it sees as one of the most persistent myths in crypto: that stablecoins are tied to the US dollar. In a post-mortem analysis of last week’s $500 billion crypto market sell-off, Greg Cipolaro, global head of research at the Bitcoin-focused financial services firm, highlighted the instability of so-called stable […]










