Polygon stablecoin miMATIC stays 14% below its $1 peg
- —miMATIC trades near $0.86 versus its $1 peg
- —Discount to peg stands at about 14%
- —Depeg remains ongoing, per Blockaid
Why it matters: A prolonged depeg of QiDao's stablecoin threatens holders and protocols that accept miMATIC as collateral.
Source: PANews