BTC $80,564.93 ▼ 1.42% ETH $2,365.45 ▼ 1.73% USDT $0.99866564 ▲ 0.01% BNB $732.88 ▼ 1.53% XRP $1.28 ▼ 3.43% USDC $0.99980141 ▼ 0.00% SOL $101.79 ▼ 2.73% TRX $0.32954374 ▼ 0.03% ZEC $1,158.56 ▼ 6.12% HYPE $75.52 ▼ 4.03% DOGE $0.07755414 ▼ 3.30% XMR $588.86 ▼ 4.09% LINK $11.64 ▼ 4.47% LEO $9.03 ▲ 0.01% ADA $0.2074262 ▼ 4.21% XLM $0.16991566 ▼ 4.38% NEAR $4.52 ▼ 9.10% BCH $275.62 ▼ 4.08% USDe $0.99971361 ▲ 0.02% DAI $1.00 ▲ 0.14% BTC $80,564.93 ▼ 1.42% ETH $2,365.45 ▼ 1.73% USDT $0.99866564 ▲ 0.01% BNB $732.88 ▼ 1.53% XRP $1.28 ▼ 3.43% USDC $0.99980141 ▼ 0.00% SOL $101.79 ▼ 2.73% TRX $0.32954374 ▼ 0.03% ZEC $1,158.56 ▼ 6.12% HYPE $75.52 ▼ 4.03% DOGE $0.07755414 ▼ 3.30% XMR $588.86 ▼ 4.09% LINK $11.64 ▼ 4.47% LEO $9.03 ▲ 0.01% ADA $0.2074262 ▼ 4.21% XLM $0.16991566 ▼ 4.38% NEAR $4.52 ▼ 9.10% BCH $275.62 ▼ 4.08% USDe $0.99971361 ▲ 0.02% DAI $1.00 ▲ 0.14%

Why do some stablecoins briefly trade below one dollar

BTC $80,564.93 ▼ 1.42% ETH $2,365.45 ▼ 1.73% USDT $0.99866564 ▲ 0.01% BNB $732.88 ▼ 1.53% XRP $1.28 ▼ 3.43% USDC $0.99980141 ▼ 0.00% SOL $101.79 ▼ 2.73% TRX $0.32954374 ▼ 0.03% ZEC $1,158.56 ▼ 6.12% HYPE $75.52 ▼ 4.03% DOGE $0.07755414 ▼ 3.30% XMR $588.86 ▼ 4.09% LINK $11.64 ▼ 4.47% LEO $9.03 ▲ 0.01% ADA $0.2074262 ▼ 4.21% XLM $0.16991566 ▼ 4.38% NEAR $4.52 ▼ 9.10% BCH $275.62 ▼ 4.08% USDe $0.99971361 ▲ 0.02% DAI $1.00 ▲ 0.14% BTC $80,564.93 ▼ 1.42% ETH $2,365.45 ▼ 1.73% USDT $0.99866564 ▲ 0.01% BNB $732.88 ▼ 1.53% XRP $1.28 ▼ 3.43% USDC $0.99980141 ▼ 0.00% SOL $101.79 ▼ 2.73% TRX $0.32954374 ▼ 0.03% ZEC $1,158.56 ▼ 6.12% HYPE $75.52 ▼ 4.03% DOGE $0.07755414 ▼ 3.30% XMR $588.86 ▼ 4.09% LINK $11.64 ▼ 4.47% LEO $9.03 ▲ 0.01% ADA $0.2074262 ▼ 4.21% XLM $0.16991566 ▼ 4.38% NEAR $4.52 ▼ 9.10% BCH $275.62 ▼ 4.08% USDe $0.99971361 ▲ 0.02% DAI $1.00 ▲ 0.14%