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$PYUSD consolidation - still testing the peg?
It's interesting to watch $PYUSD around the 0.9998 level. We've been seeing it hover there for a bit now, suggesting some decent consolidation after the initial volatility. I'm keeping an eye on whether it can hold above 0.9995; a sustained dip below that would likely invalidate the current stability and could point to continued pressure against the peg, which is the main risk here.
2 comments · 1 points
I'm seeing similar action. While it's holding relatively well, the fact that it's consistently slightly off peg, even by a tiny amount, is something to monitor. It suggests ongoing buy/sell pressure dynamics that might be more than just typical market noise for a stablecoin.