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On-Chain Data Reveals How Trading Firms Worked the USDC Stablecoin Repeg

One wallet made $16.5 million in a day trading tether for USD coin and DAI.

Updated May 9, 2023, 4:10 a.m. Published Mar 17, 2023, 12:10 p.m.
USDC's depeg. (Cryptowatch)
USDC's depeg. (Cryptowatch)