The stablecoin PEUSD issued by Lybra Finance continues to decouple
Coingecko data shows that the stablecoin PEUSD issued by Lybra Finance has decoupled to 0.8218 USDT, and it had fallen to 0.79 USDT three days ago. PEUSD has been continuously decoupling since September of 2023. In addition, DefiLlama data shows that the current TVL (Total Value Locked) in Lybra Finance protocol is $263 million USD. On September 2, 2023, Lybra Finance announced the launch of peUSD on Arbitrum One as a cross-chain and DeFi practical version of the interest-bearing stablecoin eUSD. Users can mint eUSD by collateralizing ETH or stETH and then convert it into peUSD on Arbitrum One, or directly use wstETH, rETH, WBETH etc., to mint peUSD on Arbitrum One.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
Deutsche Bank: German blue-chip stocks achieve best profit growth in over two years
European stocks opened lower, with the German DAX30 index down 1.03%
Pendle USDG pool TVL surpasses $200 million as demand for RWA fixed income continues to grow
New bank UR on Mantle aims at the Asian market, exploring account-level reconstruction from Alipay to DeFi
Trending news
MoreCrypto prices
More
