USDC losing its peg pulled down the markets, but many saw it as an opportunity to pay loans at a discount Debtors saved around $100 million off their loans during the market rout As the crypto-market suffered over the weekend, there was a silver lining for some. When stablecoins lost their dollar peg, a group […]
Debtors saved around $100 million off their loans during the market rout
On that day, Aave and Compound saw loan repayments worth around $2 billion, according to Kaiko. Here, it is to be noted that a majority of these payments were made using USDC while some were made with DAI.
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