💥 Gate Square Event: #PostToWinCC 💥
Post original content on Gate Square related to Canton Network (CC) or its ongoing campaigns for a chance to share 3,334 CC rewards!
📅 Event Period:
Nov 10, 2025, 10:00 – Nov 17, 2025, 16:00 (UTC)
📌 Related Campaigns:
Launchpool: https://www.gate.com/announcements/article/48098
CandyDrop: https://www.gate.com/announcements/article/48092
Earn: https://www.gate.com/announcements/article/48119
📌 How to Participate:
1️⃣ Post original content about Canton (CC) or its campaigns on Gate Square.
2️⃣ Content must be at least 80 words.
3️⃣ Add the hashtag #PostTo
NYDIG exposes the fragility of the "1 USD peg" of stablecoins
After the market's fall of 500 billion USD last week, NYDIG released a report showing that major stablecoins like USDC, USDT, and USDe (Ethena) lost their peg to 1 USD during the market panic. Greg Cipolaro, NYDIG's research director, emphasized that the “fixed 1 USD level” is merely an illusion—stablecoins are essentially trading assets, fluctuating around 1 USD due to arbitrage activity.
On Binance, USDe fell to 0.65 USD, while other stablecoins temporarily exceeded 1 USD due to a lack of liquidity. NYDIG explained that issuers like Circle and Tether maintain the price through a mint-burn mechanism, but this system can break down when the market is under stress. Nonetheless, lending platforms like Aave remain robust, only liquidating 0.25% of the total locked value. NYDIG concluded: stablecoins are not a safe “digital dollar”, but rather market instruments that are subject to liquidity and sentiment risks.