Stablecoin Depeg Contagion: How One Failure Triggers DeFi Liquidation Cascades and Liquidity Drains
In the volatile world of DeFi, a single stablecoin depeg can unleash chaos faster than a flash crash. Take the recent plunge of Multichain Bridged USDC on Fantom, trading at a stark $0.0254, down sharply from its intended $1 peg. This...
