USD1 Stablecoin Briefly Depegs Amid Market Speculation
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Summary
USD1, an altcoin to watch in the stablecoin space, briefly depegged from the U.S. dollar on February 23, 2026, with its price falling to $0.98 USDT on secondary markets. On-chain data revealed unusual trading activity, which the team described as a "coordinated attack." The peg was later restored, but the incident raised concerns about USD1’s stability. The issuer asserts that reserves and redemption mechanisms remain intact.
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