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Devaluation in modern monetary policy is a reduction in the value of a currency with respect to those goods, services or other monetary units with which that currency can be exchanged. ‘Devaluation’ means official lowering of the value of a country's currency within a fixed exchange rate system, by which the monetary authority formally sets a new fixed rate with respect to a foreign reference currency. -- Wikipedia

USDB Recovers After Depegging Due to Market Weakness

What drives the devaluation of stablecoins such as USDB during moments of market distress? This question rests at the heart of understanding recent events in the decentralized finance (DeFi) ecosystem
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