Re:UST Stablecoin Loses Dollar Peg
by jcranmer on Monday May 09, 2022 @08:38PM
(#31321868)
> I remember when money-markets lost their peg back in 2008 and pretty much the world went apocalyptic.
For comparison, I believe it was only one money market fund that had to break the buck and sell for something like $0.97 instead... and the withdrawals were hitting 10% of total money market fund value in a few days.
For comparison, I believe it was only one money market fund that had to break the buck and sell for something like $0.97 instead... and the withdrawals were hitting 10% of total money market fund value in a few days.