USDP briefly spikes to $1.28, costing an Aave trader $529k
The price of the Pax Dollar stablecoin (USDP) by Paxos Trust Company reached a peak of $1.28, leading to the automatic sale of $529,000 worth of USDC for a trader due to the coin’s value exceeding the usual dollar value. Just like standard stablecoins, USDP aims to keep its value constant at that of a … Read more