USDC Stablecoin Momentarily Loses $1-Peg on Binance, Slides to $0.74 Earlier than Rebounding

by Jeremy

The two% market depth on Binance for the USDC/USDT pair is skewed to the upside, with $26 million in orders stacked as much as $1.02 and $6.1 million in orders stacked all the way down to $0.98, in line with CoinMarketCap. Which means that when a dealer makes a promote order bigger than $6.1 million, the value would fall beneath $0.98. There was $6.2 million value of quantity at 12:10 UTC adopted by $4.3 million at 12:21 UTC.

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