Why Crypto Investors Must Avoid 'This Stablecoin' Right Now
2022 was the year of several catastrophes for the crypto-verse. Stablecoins were heavily impacted and the trust around them slowly fell. Once again, a prominent stablecoin’s peg was in danger. Winklevoss twins-led crypto currency exchange Gemini rolled out the Gemini Dollar [ GUSD ] back in 2018. While Stablecoins are expected to stay pegged to $1, GUSD is beginning to lose its peg. Earlier today, the asset dipped down to $0.988. #PeckShieldAlert $GUSD at 0.988 pic.twitter.com/KNMAwvviPZ — PeckShieldAlert (@PeckShieldAlert) January 31, 2023 Earlier this month, GUSD descended lower to $0.9555. However, at press time, the stablecoin was trading for $1.01 with increased volatility. Nevertheless, the asset has been quite unstable throughout the month. This further encouraged crypto exchange OKX to move ahead and delist GUSD . According to the firm GUSD will not be available on the OKX starting from Feb.1. Further elaborating on the reason behind this, the exch...