My stablecoins suddenly dropped in value
I had USDC on a DeFi platform and suddenly I saw the value drop. I thought stablecoins weren't supposed to go down, what happened? Should I pull my money out or wait?
1 answer
Don't panic: stablecoins like USDC are designed to hold a value of 1 dollar, but the DeFi platform where you're holding them could be experiencing technical or liquidity issues, or it might just be showing you an outdated price while the market stabilizes. Your safest bet is to move your money off that platform if you don't trust it or if you notice the problem persists, but first check the real price somewhere else (Coinbase, a major exchange) to confirm whether it's actually a value issue or just the interface where you're seeing it.
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