@thaitu
Synthetix’s latest changes stem from SIP-420, a proposal that shifts debt risk from individual stakers to the protocol itself.
Stablecoin Depegs Remain a Recurring Challenge
Depegs in the stablecoin space are not uncommon. USDC briefly lost its peg in March 2023 after Circle revealed $3.3 billion in reserves were stuck with the collapsed Silicon Valley Bank.
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