USDB recovers after depegging led by market weakness

DeFi protocol Blast native stablecoin, USDB, depegged on Monday morning as the market registered weakness. At the time of writing, the stablecoin has recovered to trade at par of $1 on CoinMarketCap. However, the crypto market bloodbath continues as Bitcoin remains weak under $50,000 during Monday intraday. Stablecoins often get depegged during a market downturn

Source: Cryptopolitan