USDC has regained its peg, but the fallout from the SVB collapse could reverberate across the stablecoin market, according to Moody's. (Reporting via forgeforth_)
) losing its peg, could negatively affect stablecoin adoption and potentially increase calls for regulation, argues credit rating agency Moody’s Investors Service.
In its latest Sector Comment report published on March 16, Moody’s said fiat-backed stablecoins could face new resistance following“Until now, large fiat-backed stablecoins had shown remarkable resilience, having emerged unscathed from past scandals such as the collapse of FTX,” wrote analysts Cristiano Ventricelli, Vincent Gusdorf, Rajeev Bamra and Fabian Astic.
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