DEI – which traded 3 cents below its peg on Sunday – lost 20 cents on Sunday night as traders likely exchanged DEI tokens for USDC amid a small amount of liquidity on decentralized exchanges, which caused price fluctuations. Lower prices led to more traders selling DEI for other tokens, presumably to protect against risks, which further contributed to a price drop.
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May 16, 2022 at 07:18PM
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Fantom Stablecoin DEI Becomes Latest to Lose Dollar Peg - CoinDesk
"lose" - Google News
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