debtors

On March 14, the news that USDC and DAI had recently disengaged from the US dollar triggered a frenzy of loan repayment last weekend, which saved debtors more than US $100 million in loans. Report: The debtor repaid the loan during the period of stable currency anchoring, saving more than US $100 million Analysis based on this information:The recent announcement that USDC and DAI had disengaged from the US dollar caused a stir of activity in the loan repayment sector, resulting in debtors saving more than US $100 million in loans last weekend. This statement brings forward some questions about the current state of the US dollar and cryptocurrency, and how these two currencies are affecting the economy and financial world. USDC and DAI are both stablecoins, which means they are backed by reserve assets such as the US dollar or gold. However, unlike a regular cryptocurrency, their value is pegged to an external asset, providing greater stability and predictability…