The value of the stablecoin Pax Dollar (USDP), issued by the Paxos Trust Company, experienced a surge to a high of $1.28, triggering the liquidation of $529,000 in USDC for a market participant. Like regular stablecoins, USDP is designed to…
Go here to Read this Fast! USDP briefly spikes to $1.28, costing an Aave trader $529k
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USDP briefly spikes to $1.28, costing an Aave trader $529k