NYDIG: Stablecoins such as USDT can only be regarded as market trading tools, not really pegged to the US dollar
2025-10-19 15:57:34
Greg Cipolaro, head of global research at NYDIG, said that stablecoins such as USDC, USDT, and USDe are not really pegged to the US dollar, but fluctuate according to market supply and demand. In essence, they can only be regarded as a market trading tool. The so-called "stability" of stablecoins is actually determined by arbitrage and market dynamics, such as traders buying when they fall below $1 and selling when they rise below $1. Users often misunderstand the real risks associated with these assets.
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