depeg

🚨 A stablecoin loses its peg to the dollar after a violent attack! 👀🩸

Current reports indicate a depeg event for one of the popular stablecoins following a cyber attack and sudden liquidity pressure ⚠️
Such shocking events reignite fears in the financial community regarding:

🔓 The security of decentralized finance (DeFi) protocols.
💸 The stability and reliability of stablecoins as a safe haven.
🔥 The risk of "contagion" and collapse spreading to other assets in the market.
Traders are monitoring developments with extreme caution, and any additional escalation could trigger a wave of sharp volatility in market leaders like $BTC and $ETH.

💬 Discussion question: After this incident, do you still trust stablecoins (like $USDT or $USDC ) to store your liquidity, or do you prefer to go totally cash during crises? Share your thoughts! 🤔👇
#Stablecoins #Depeg #CryptoNews #BinanceSquare

🚨 STABLR EURO AND USD STABLECOINS 📈 DEPEG AMID ONGOING 2.8M EXPLOIT 🧠

📊 $BTC | $ETH | $BNB

- StablR Euro and USD stablecoins depeg
- Blockaid cites private key compromise
- 2.8M exploit ongoing
- Minting multisig account affected 📈

- Market might react sideways
- Whale behavior remains neutral
- Short-term outlook uncertain
- Prices could fluctuate 🔥

- How will stablecoin market respond?

- Follow us for updates

#Stablecoins #Crypto #Blockchain #Depeg #Exploit

🚨 pmUSD The Stablecoin that Lost Its Peg

It's an RWA Stablecoin backed by GOLD and METALS in vault

People were flocking to pmUSD mainly for the super high yield.

✅ 16% to 30% APY (even hit +100% on Curve) in liquidity pools.

✅ Attractive narrative: "Gold-backed Stablecoin" (RWA).

✅ Extra incentives: rewards, bribes, and farming in DeFi.

Too good to be true!!

But a report from Pharos Watch revealed that the backing consists of legal claims, rights to an unmined mine in Yukon (Canada). There was no GOLD or metals in the vault.

When redeeming, you don't get dollars or gold, but a claim that's hard to cash in (you get paid when they mine the GOLD).

Added to:
- Very low liquidity on Curve/Uniswap
- PSM (peg mechanism) too weak
- Massive exit from a big wallet just before the crash.

The stablecoin suffered a brutal depeg:
plummeting from $0.95 to $0.11-$0.20 (loss of more than 80-90% in hours).

People sold in panic with huge losses, but some risk-takers bought the dip.

- Current situation:
It's partially recovered and trades at $0.87 - $0.88, 12% below the peg).

📝Moral:
Another example of high yields, opaque projects with a shady RWA where the "gold-backed" narrative wasn't as real as it seemed.

#Stablecoin #pmUSD #Depeg

✅ Worrying situation at @Theo_Network
The flagship product of the platform, $thBILL, seems to be getting abandoned by the team.

Most alarming points:
- Important pages and sections of the website have disappeared.
- The official Discord is shutting down.
- Redeeming or swapping thBILL from the website is no longer possible.
- The token shows a significant depeg of -0.6%.

Despite having over 4,400 holders and a supply of $135 million, users can only sell on the secondary market, which has extremely low liquidity:
- Total TVL: $135,000,000
- Liquidity on Arbitrum: $504,000
- Liquidity on HyperEVM: $673,000

This lack of liquidity is trapping holders and increasing the risk of a greater depeg.

Meanwhile, Theo is focusing all its efforts on its stablecoin THUSD, which already has $93 million in TVL and offers an APR of 5.4%.

However, 95% of that backing comes directly from thBILL, the very asset that is losing its peg.

Additionally, there's a double counting in the TVL: thBILL is counted both as collateral for thUSD ($86M) and as its own TVL ($135M), artificially inflating the total to over $228 million.

The situation at Theo is getting complicated. Everyone draw their own conclusions.

#TheoNetwork #thBILL #Stablecoin #Depeg