Major stablecoins experienced a temporary de-peg following the price drop in the cryptocurrency markets. The USDC/USDT trading pair, typically known for its stability, witnessed a dramatic de-peg on Binance, plunging to $0.76 and $0.8 at 20:00 and 20:15 UTC+8, respectively, before stabilizing. On OKX, another popular cryptocurrency exchange, the trading pair fell to $0.955 around the same time. This incident came in the wake of the panic drop in Bitcoin’s value, which sent ripples throughout the cryptocurrency market. The apex cryptocurrency reacted to a report by financial services firm Matri…

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