Stablecoins' $1 Peg Is a 'Misconception,' Says NYDIG After $500 Billion Market Meltdown

NYDIG has stated that the widely held belief regarding stablecoins maintaining a consistent value peg of $1 is a 'misconception,' especially in light of a recent market turmoil that resulted in a staggering loss of $500 billion across the cryptocurrency market. The firm suggests that while stablecoins are designed to maintain parity with the U.S. dollar, various factors, including market volatility and investor sentiment, can lead to significant deviations from this intended peg, undermining the stability that stakeholders expect. source: https://www.coindesk.com/markets/2025/10/19/stablecoins-usd1-peg-is-a-misconception-says-nydig-after-usd500-billion-market-meltdown