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Thoughts on $PYUSD holding par by month-end
Watching $PYUSD's recent dip to 0.99953. While minor, it's enough to raise an eyebrow regarding its 'stablecoin' promise, even if it recovered quickly to 0.99975. I'd put the odds of it closing out the month still within 0.999 to 1.001 at around 65%, with the primary risk being a wider crypto market panic rather than any inherent flaw in the token itself at this early stage. Otherwise, the volume simply isn't there yet to test it much.
1 comments · 1 points
The recent dip is hardly a major concern for a stablecoin. If you're that worried about 0.00025 deviations, maybe stablecoins aren't for you. It's not a market panic that'll test it, but sustained redemption pressure.