Stablecoins by Market Capitalization (Page 2)
A stablecoin is a type of cryptocurrency that is designed to maintain a stable value by being pegged to an external reference, such as a fiat currency.
What is a stablecoin? Stablecoin is a cryptocurrency that is designed to minimize volatility by pegging to a more stable asset. Fiat currency digital asset is the most popular use case for stablecoins. It typically tracks popular national currencies such as the US Dollar, Euro, and the British Pound. Benefit of this includes being able to take advantage of blockchain technology and peer-to-peer value transfer while not being exposed to high volatility such as Bitcoin, Ethereum, or other cryptocurrencies. Stablecoins are relatively new kind of technology and each of them comes with different implementations, liquidity, risks, and acceptance.
| # | Coin | Price | 1h | 24h | 7d | 30d | 24h Volume | Market Cap | FDV | Market Cap / FDV | Last 7 Days | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 919 |
JPY Coin
JPYC
|
$0.006146 | 1.1% | 8.4% | 12.0% | 19.3% | $6.97 | $16,162,814 | $16,162,814 | 1.0 |
|
||
Magic Internet Money (Optimism)
MIM
|
$0.8773 | 0.0% | 9.9% | 11.5% | 12.1% | $3,052.10 | $15,724,572 | $15,724,572 | 1.0 |
|
|||
| 936 |
Mento Dollar
USDM
|
$0.9999 | 0.0% | 0.0% | 0.0% | 0.1% | $521,071 | $15,649,282 | $15,649,282 | 1.0 |
|
||
| 954 |
XSGD
XSGD
|
$0.7784 | 0.0% | 0.1% | 0.7% | 1.0% | $476,396 | $15,031,610 | $15,031,610 | 1.0 |
|
||
| 960 |
Unity
UTY
|
$0.9994 | 0.0% | 0.0% | 0.0% | 0.0% | $6,520.55 | $14,795,736 | $14,795,736 | 1.0 |
|
||
USDB
USDB
|
$0.9993 | 0.1% | 0.2% | 0.3% | 0.2% | $49,721.62 | $14,368,904 | $14,368,904 | 1.0 |
|
|||
| 976 |
WEMIX Dollar
WEMIX$
|
$0.9878 | 0.0% | 0.3% | 1.7% | 2.3% | $463.33 | $14,362,471 | $14,362,471 | 1.0 |
|
||
| 1001 |
eSui Dollar
SUIUSDE
|
$1.00 | 0.0% | 0.1% | 0.1% | 0.0% | $70,956.32 | $13,459,868 | $13,459,868 | 1.0 |
|
||
USDCx (Stacks)
USDCX
|
$0.9992 | 0.0% | 0.1% | 0.3% | 0.2% | $337,990 | $13,263,267 | $13,263,267 | 1.0 |
|
|||
Staked YUSD
SYUSD
|
$1.04 | - | - | - | - | $0.1000 | $12,804,776 | $12,804,776 | 1.0 |
|
|||
| 1028 |
pathUSD
PATHUSD
|
$0.9999 | 0.0% | 0.0% | 0.0% | 0.0% | $362,227 | $12,704,694 | $12,704,694 | 1.0 |
|
||
| 1035 |
USD CoinVertible
USDCV
|
$0.9992 | 0.0% | 0.1% | 0.0% | 0.0% | $28,404,895 | $12,595,263 | $12,595,263 | 1.0 |
|
||
| 1037 |
VCRED
VCRED
|
$0.9952 | - | - | - | - | $28.69 | $12,539,348 | $995,186,387 | 0.01 |
|
||
| 1052 |
USDM
USDM
|
$0.9963 | 0.9% | 0.7% | 0.1% | 0.2% | $226,805 | $12,169,424 | $12,169,424 | 1.0 |
|
||
| 1059 |
MAI
MIMATIC
|
$0.9890 | 0.0% | 0.0% | 0.0% | 0.4% | $6,303.00 | $11,962,644 | $299,038,525 | 0.04 |
|
||
| 1068 |
YUSD Stablecoin
YUSD
|
$0.9952 | 0.0% | 0.1% | 0.1% | 0.1% | $0.1537 | $11,790,016 | $11,790,016 | 1.0 |
|
||
| 1091 |
Youves uUSD
UUSD
|
$0.9813 | 0.5% | 0.8% | 4.6% | 4.5% | $35.83 | $11,321,280 | $11,321,280 | 1.0 |
|
||
| 1092 |
Hydrated Dollar
HOLLAR
|
$0.9969 | 0.0% | 0.0% | 0.3% | 0.1% | $499,196 | $11,307,733 | $11,307,733 | 1.0 |
|
||
| 1107 |
Hylo USD
HYUSD
|
$1.00 | 0.1% | 0.1% | 0.0% | 0.3% | $240,476 | $11,037,282 | $11,037,282 | 1.0 |
|
||
| 1129 |
Worldwide USD
WUSD
|
$0.9953 | 0.0% | 0.1% | 0.3% | 0.3% | $122,796 | $10,622,960 | $10,622,960 | 1.0 |
|
||
Alchemix USD
ALUSD
|
$0.9570 | 0.0% | 0.2% | 0.1% | 0.8% | $108,827 | $10,510,677 | $10,510,677 | 1.0 |
|
|||
| 1137 |
Nest Alpha Vault (LP)
INALPHA
|
$0.9542 | 0.0% | 0.0% | 0.0% | 0.0% | $0.00 | $10,442,662 | $10,442,662 | 1.0 |
|
||
| 1147 |
Freedom Dollar
FUSD
|
$1.00 | 0.0% | 0.1% | 0.0% | 0.1% | $352,417 | $10,194,987 | $10,194,987 | 1.0 |
|
||
| 1155 |
StablR Euro
EURR
|
$0.5915 | 0.0% | 15.6% | 462.7% | 49.4% | $2,501.35 | $10,139,653 | $10,139,653 | 1.0 |
|
||
| 1162 |
eUSD
EUSD
|
$0.9998 | 0.0% | 0.0% | 0.0% | 0.0% | $12,017.67 | $9,997,142 | $9,997,142 | 1.0 |
|
||
| 1163 |
USDA
USDA
|
$0.9997 | 0.0% | 0.0% | 0.0% | - | $3,955,814 | $9,997,013 | $9,997,013 | 1.0 |
|
||
| 1165 |
Defi.money
MONEY
|
$0.9970 | 0.2% | 0.0% | 0.3% | 0.2% | $29.13 | $9,982,081 | $9,982,081 | 1.0 |
|
||
| 1178 |
Rupiah Token
IDRT
|
$0.00005568 | 0.0% | 0.9% | 0.5% | 3.3% | $4.04 | $9,680,999 | $9,680,999 | 1.0 |
|
||
Indigo Protocol iUSD
IUSD
|
$1.01 | 1.0% | 0.8% | 0.2% | 1.2% | $11,377.30 | $9,588,374 | $9,588,374 | 1.0 |
|
|||
| 1157 |
Synthetix sUSD
SUSD
|
$0.2884 | 7.0% | 45.3% | 50.0% | 56.4% | $58,385.54 | $9,512,323 | $9,512,323 | 1.0 |
|
||
| 1202 |
Hermetica USDh
USDH
|
$0.9992 | 0.0% | 0.1% | 0.1% | 0.4% | $15,860.49 | $9,313,749 | $9,313,749 | 1.0 |
|
||
| 1220 |
Stable Coin
SBC
|
$0.9997 | 0.1% | 0.0% | 0.0% | 0.1% | $1,393.98 | $8,839,094 | $8,839,094 | 1.0 |
|
||
| 1242 |
Bitcoin USD (BTCFi)
BTCUSD
|
$1.00 | 0.0% | 1.0% | 0.4% | 0.6% | $18,172.41 | $8,524,208 | $8,524,208 | 1.0 |
|
||
| 1286 |
EURØP
EUROP
|
$1.16 | 0.0% | 0.0% | 0.5% | 1.2% | $6,345.27 | $7,839,147 | $7,839,147 | 1.0 |
|
||
| 1292 |
Wrapped iTRY
WITRY
|
$0.02312 | 0.0% | 0.1% | 0.3% | 1.2% | $43.64 | $7,763,518 | $7,763,518 | 1.0 |
|
||
| 1327 |
Origin Dollar
OUSD
|
$0.9996 | 0.0% | 0.0% | 0.0% | 0.1% | $227,356 | $7,217,070 | $7,217,070 | 1.0 |
|
||
| 1337 |
Anzen USDz
USDZ
|
$0.9493 | 0.3% | 0.6% | 2.3% | 3.4% | $1,428.11 | $7,160,013 | $7,160,013 | 1.0 |
|
||
| 1360 |
HUSD
HUSD
|
$0.03679 | - | - | - | - | $0.00 | $6,909,251 | $6,909,251 | 1.0 |
|
||
| 1381 |
Anzens USDA
USDA
|
$0.9981 | 0.7% | 0.4% | 0.2% | 0.2% | $195,988 | $6,741,992 | $6,741,992 | 1.0 |
|
||
Staked USD Coin
SUSD
|
$0.9982 | 0.2% | 0.2% | 0.1% | 0.0% | $2,306.18 | $6,451,354 | $6,451,354 | 1.0 |
|
|||
| 1409 |
Mu Digital AZND
AZND
|
$0.9782 | 0.0% | 0.3% | 1.2% | 0.7% | $253.75 | $6,385,385 | $6,385,385 | 1.0 |
|
||
| 1431 |
Cod3x USD
CDXUSD
|
$1.00 | 0.1% | 0.2% | 0.6% | 3.2% | $16.91 | $6,177,101 | $6,177,101 | 1.0 |
|
||
| 1468 |
Quantoz USDQ
USDQ
|
$0.9933 | 0.1% | 0.0% | 0.2% | 0.7% | $19,083,174 | $5,777,487 | $6,956,949 | 0.83 |
|
||
| 1471 |
Stables Labs USDX
USDX
|
$0.008409 | - | - | - | - | $1.18 | $5,756,320 | $5,756,320 | 1.0 |
|
||
| 1477 |
AxCNH
AXCNH
|
$0.1463 | 0.7% | 0.6% | 0.4% | 1.1% | $18.96 | $5,725,011 | $5,725,011 | 1.0 |
|
||
| 1507 |
Kyrgyz Som Stablecoin
KGST
|
$0.01145 | 0.0% | 0.6% | 0.6% | 0.4% | $162,439 | $5,524,394 | $5,524,394 | 1.0 |
|
||
| 1517 |
Australian Digital Dollar
AUDD
|
$0.7050 | 0.1% | 0.4% | 0.2% | 2.7% | $41,333.91 | $5,462,472 | $5,462,472 | 1.0 |
|
||
| 1538 |
Quantoz EURQ
EURQ
|
$1.13 | 0.4% | 0.2% | 1.3% | 3.2% | $8,333,377 | $5,303,672 | $6,820,263 | 0.78 |
|
||
| 1541 |
Lumi Finance LUAUSD
LUAUSD
|
$0.6667 | 0.4% | 1.4% | 30.9% | 32.1% | $1.63 | $5,286,083 | $5,286,083 | 1.0 |
|
||
| 1555 |
Saga Dollar
D
|
$0.5023 | - | - | - | - | $3.32 | $5,221,838 | $5,218,572 | 1.0 |
|
||
| 1556 |
BUSD
BUSD
|
$0.9984 | 0.0% | 0.0% | 0.1% | 0.0% | $5,577.66 | $5,217,026 | $5,217,026 | 1.0 |
|
||
| 1571 |
Curve.fi FRAX/USDC
CRVFRAX
|
$1.01 | 0.0% | 0.0% | 0.1% | 0.1% | $104,454 | $5,074,302 | $5,074,302 | 1.0 |
|
||
| 1569 |
VNX Swiss Franc
VCHF
|
$1.25 | 0.8% | 0.7% | 0.5% | 2.3% | $86,693.15 | $5,074,242 | $5,074,242 | 1.0 |
|
||
| 1595 |
Web 3 Dollar
USD3
|
$1.10 | - | 0.0% | 0.0% | 0.2% | $2,919.26 | $4,908,141 | $4,908,141 | 1.0 |
|
||
Magic Internet Money (Avalanche)
MIM
|
$0.8864 | 0.1% | 8.9% | 11.0% | 10.8% | $58,055.21 | $4,813,420 | $4,813,420 | 1.0 |
|
|||
| 1613 |
BiLira
TRYB
|
$0.02168 | - | 0.0% | 5.1% | 1.8% | $4,335.19 | $4,801,184 | $4,801,184 | 1.0 |
|
||
| 1621 |
Startale USD
USDSC
|
$1.00 | 0.1% | 0.0% | 0.1% | 0.2% | $22,515.09 | $4,756,873 | $4,756,873 | 1.0 |
|
||
| 1633 |
Nectar
NECT
|
$1.00 | 0.0% | 4.9% | 1.3% | 1.2% | $4,486.81 | $4,716,784 | $4,716,784 | 1.0 |
|
||
| 1641 |
Plume USD
PUSD
|
$0.9992 | 0.1% | 0.1% | 0.2% | 0.1% | $16,361.37 | $4,648,431 | $4,648,431 | 1.0 |
|
||
| 1662 |
ZARP Stablecoin
ZARP
|
$0.06097 | 0.2% | 0.1% | 0.1% | 1.6% | $295.68 | $4,502,410 | $4,502,410 | 1.0 |
|
||
| 1719 |
Dollar On Chain
DOC
|
$0.9972 | 0.0% | 0.0% | 0.7% | 0.3% | $32,275.44 | $4,067,220 | $4,067,220 | 1.0 |
|
||
| 1723 |
GYEN
GYEN
|
$0.003974 | 0.0% | 36.6% | 38.7% | 19.7% | $402.59 | $4,040,696 | $4,040,696 | 1.0 |
|
||
| 1736 |
Djed
DJED
|
$0.9891 | 0.5% | 0.3% | 0.2% | 1.3% | $22,625.90 | $3,975,338 | $3,975,338 | 1.0 |
|
||
| 1788 |
PHT Stablecoin
PHT
|
$0.01645 | 0.0% | 2.1% | 2.1% | 1.1% | $5,600.78 | $3,701,481 | $3,701,481 | 1.0 |
|
||
| 1808 |
Forte AUD
AUDF
|
$0.7046 | 0.0% | 0.2% | 0.2% | 2.8% | $3,122,140 | $3,575,200 | $3,575,200 | 1.0 |
|
||
| 1815 |
Fei USD
FEI
|
$0.9999 | 0.0% | 0.3% | 0.1% | 0.2% | $70.21 | $3,548,623 | $3,803,574 | 0.93 |
|
||
| 1844 |
Sovryn Dollar
DLLR
|
$0.9766 | 0.0% | 1.6% | 3.2% | 1.0% | $12,871.21 | $3,369,900 | $3,369,900 | 1.0 |
|
||
| 1862 |
Parallel USDp
USDP
|
$0.9998 | 0.0% | 0.0% | 0.0% | 0.0% | $7,667.40 | $3,276,826 | $3,276,826 | 1.0 |
|
||
| 1879 |
Last USD
USDXL
|
$0.9979 | 0.1% | 0.2% | 1.3% | 0.8% | $21,191.22 | $3,193,394 | $87,826,656,625 | 0.0 |
|
||
WEMIX3.0 Bridged USDC (WEMIX3.0 DPoS)
USDC.E
|
$0.9893 | 0.4% | 0.2% | 2.0% | 1.6% | $29,131.44 | $3,121,508 | $3,121,508 | 1.0 |
|
|||
| 1930 |
Enosys Loans CDP
CDP
|
$0.9887 | 0.3% | 0.5% | 0.5% | 0.9% | $857,877 | $3,006,349 | $3,006,349 | 1.0 |
|
||
| 1948 |
Macropod
AUDM
|
$0.6986 | 0.0% | 0.6% | 1.7% | 2.0% | $164,366 | $2,932,275 | $2,932,275 | 1.0 |
|
||
| 1966 |
mStable USD
MUSD
|
$1.00 | 0.0% | 0.1% | 0.3% | 0.2% | $6.04 | $2,877,267 | $2,877,267 | 1.0 |
|
||
| 1975 |
Balanced Dollars
BNUSD
|
$0.9994 | 0.0% | 0.1% | 0.0% | 0.0% | $293.85 | $2,846,326 | $2,846,326 | 1.0 |
|
||
| 1991 |
Parallel
PAR
|
$1.24 | 0.3% | 1.4% | 2.6% | 3.8% | $266.81 | $2,776,986 | $2,776,986 | 1.0 |
|
||
| 1998 |
USDCx (Movement)
USDCX
|
$1.00 | 0.0% | 0.3% | 0.1% | 0.1% | $61,972.13 | $2,744,643 | $2,744,643 | 1.0 |
|
||
| 2035 |
BRL1
BRL1
|
$0.1970 | 0.0% | 0.8% | 2.1% | 1.0% | $1,430,014 | $2,620,172 | $2,620,172 | 1.0 |
|
||
| 2065 |
Anchored Coins AEUR
AEUR
|
$1.15 | 0.3% | 0.1% | 0.2% | 1.3% | $1,400.31 | $2,512,504 | $2,512,504 | 1.0 |
|
||
| 2074 |
Yala Stablecoin
YU
|
$0.1119 | 0.1% | 19.0% | 34.2% | 68.9% | $255.77 | $2,493,301 | $2,493,301 | 1.0 |
|
||
| 2102 |
Vai
VAI
|
$0.9993 | 0.0% | 0.0% | 0.0% | 0.0% | $5,212.50 | $2,410,026 | $2,410,026 | 1.0 |
|
||
| 2155 |
RIF US Dollar
USDRIF
|
$0.9903 | - | 0.1% | 0.1% | 0.9% | $3,453.71 | $2,251,821 | $2,251,821 | 1.0 |
|
||
| 2171 |
US Sonic Dollar
USSD
|
$0.9992 | 0.2% | 0.0% | 0.1% | 0.0% | $124,845 | $2,196,665 | $2,196,665 | 1.0 |
|
||
| 2189 |
Glo Dollar
USDGLO
|
$0.9989 | 0.1% | 0.1% | 0.1% | 0.1% | $5,214.95 | $2,144,084 | $2,144,084 | 1.0 |
|
||
| 2207 |
Aussie Dollar Token
AUDX
|
$0.7045 | 0.0% | 0.0% | 0.0% | 2.8% | $38,748.60 | $2,084,010 | $2,084,010 | 1.0 |
|
||
| 2214 |
Hex Trust USD
USDX
|
$0.9896 | 1.0% | 0.1% | 1.0% | 1.0% | $80,273.97 | $2,070,005 | $30,485,052 | 0.07 |
|
||
| 2220 |
Mento Euro
EURM
|
$1.16 | 0.0% | 0.1% | 0.2% | 1.3% | $55,252.24 | $2,051,314 | $2,051,314 | 1.0 |
|
||
| 2235 |
Resolv USR
USR
|
Buy
|
$0.1793 | 0.0% | 0.3% | 51.5% | 25.3% | $126.73 | $2,024,082 | $2,024,082 | 1.0 |
|
|
StoneYield USD
STUSD
|
$1.00 | 0.6% | 0.4% | 0.1% | 0.4% | $1,637.18 | $1,967,883 | $1,967,883 | 1.0 |
|
|||
| 2314 |
MXNB
MXNB
|
$0.05795 | 0.0% | 0.2% | 0.8% | 0.2% | $24,186.05 | $1,823,777 | $1,823,777 | 1.0 |
|
||
| 2330 |
Decentralized Euro
DEURO
|
$1.16 | 0.0% | 0.2% | 0.5% | 1.3% | $150.36 | $1,799,713 | $1,799,713 | 1.0 |
|
||
| 2367 |
SuperReturn sSuperUSD
SSUPERUSD
|
$1.08 | 0.0% | 0.1% | 0.2% | 0.9% | $174.74 | $1,713,536 | $1,713,536 | 1.0 |
|
||
| 2374 |
Compliant Naira
CNGN
|
$0.0007281 | 0.8% | 0.9% | 0.3% | 1.0% | $490.97 | $1,696,855 | $1,696,855 | 1.0 |
|
||
EURA
EURA
|
$1.16 | 0.0% | 0.1% | 0.7% | 1.2% | $3,187.31 | $1,675,795 | $1,675,795 | 1.0 |
|
|||
Map Bridged USDT (Map)
USDT
|
$0.9990 | - | - | - | - | $1,021.17 | $1,640,023 | $1,598,842 | 1.0 |
|
|||
| 2448 |
USD+
USD+
|
$0.9996 | 0.0% | 0.0% | 0.0% | 0.0% | $1,275.55 | $1,560,786 | $1,560,786 | 1.0 |
|
||
| 2449 |
The Fedz FUSD
FUSD
|
$0.9690 | 0.2% | 0.1% | 0.2% | 1.3% | $107.60 | $1,560,490 | $1,560,490 | 1.0 |
|
||
| 2476 |
Solomon USDv
USDV
|
$1.00 | 0.0% | 0.0% | 0.0% | 0.0% | $226.18 | $1,512,941 | $1,512,941 | 1.0 |
|
||
| 2532 |
Inter Stable Token
IST
|
$0.9988 | 0.5% | 0.5% | 0.1% | 0.7% | $4,740.42 | $1,403,958 | $1,403,958 | 1.0 |
|
||
| 2555 |
AllUnity EUR
EURAU
|
$1.16 | 0.0% | 0.1% | 0.5% | 1.2% | $2,341,025 | $1,372,505 | $1,372,505 | 1.0 |
|
||
| 2563 |
LeverUp USD
LVUSD
|
$0.9983 | 0.0% | 0.5% | 0.5% | 0.7% | $232.30 | $1,366,959 | $1,366,959 | 1.0 |
|
||
Stablecoins Categories
| Name | 24h | Market Cap |
|---|---|---|
|
All Stablecoins
|
0.0%
|
$310,330,811,957
|
|
USD Stablecoin
|
0.0%
|
|
|
Fiat-backed Stablecoin
|
0.0%
|
|
|
GENIUS Act Compliant Stablecoin
|
0.1%
|
|
|
MiCA-Compliant Stablecoin
|
0.1%
|
|
|
Crypto-backed Stablecoin
|
0.2%
|
|
|
Synthetic Dollar
|
0.1%
|
|
|
US Treasury-backed Stablecoin
|
0.4%
|
|
|
Algorithmic Stablecoin
|
1.7%
|
|
|
EUR Stablecoin
|
0.2%
|
|
|
RUB Stablecoin
|
1.3%
|
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All Stablecoins
MiCA-Compliant Stablecoin
Fiat-backed stablecoins that are fully authorized under the European Union's Markets in Crypto-Assets (MiCA) regulation. These assets are issued by regulated entities such as Electronic Money Institutions (EMIs) or licensed credit institutions and adhere to strict European standards regarding 1:1 liquid reserve backing, transparent public auditing, and safeguarded custody to ensure consumer protection and financial stability.
Algorithmic Stablecoin
An algorithmic stablecoin is a type of stablecoin that maintains its peg to a specific value, such as a fiat currency or other assets through algorithmic mechanisms. These mechanisms adjust the supply of the stablecoin based on market demand often by issuing more coins when the price is above the peg and buying back or burning coins when the price is below the peg.
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What are Stablecoins
Stablecoins are a type of cryptocurrency pegged to a reference asset like fiat money, or other commodities like gold. Stablecoins minimize the volatility of the crypto space by maintaining their pegs. There are four major types of stablecoins: fiat-backed stablecoins, crypto-collateralized stablecoins, commodity-backed stablecoins, and algorithmic stablecoins.
Centralized Stablecoins
Fiat-backed stablecoins, like USDT and USDC, are issued by a central entity and backed by reserves that are equal or greater than their tokens in circulation. However, the reserve breakdown between USDT and USDC is quite different. In the case of USDT, this includes secured loans, corporate bonds, funds and precious metals in addition to cash and cash equivalents. On the other hand, USDC is only backed by U.S. Treasury Securities and cash deposits. Commodity-collateralized stablecoins are similar to fiat-backed stablecoins, except that they are backed by other physical assets like precious metals, oils, or real estate.
Decentralized Stablecoins
Unlike centralized stablecoins, which are issued by a central entity, decentralized stablecoins run on smart contracts, with governance input from a designated community (the DAO). DAI by MakerDao is an example of a decentralized stablecoin, and it is collateralized by other cryptocurrencies such as ETH. In order for DAI to maintain a stable price, users borrow against their locked collateral. Due to the volatility of cryptocurrencies, users must deposit collateral worth more than the value they intend to borrow, and this collateral can be liquidated by the protocol if the value decreases below a certain threshold.
Finally, there are algorithmic stablecoins. These rely on two tokens – a stablecoin and another cryptocurrency that serves as the backing of the stablecoin – and an algorithm (or smart contract) regulates the supply and demand so that the stablecoin can maintain its peg. This worked in the case of Terra’s UST and LUNA, until UST’s depeg in May 2022 resulted in arbitrageurs exchanging it for LUNA, which was then dumped on the open market, creating a freefall on both fronts.
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