On December 5, the price of the стейблкоина Anchored Coins Euro (AEUR) on the Binance exchange suddenly began to rise and reached $3.25.
After some time, representatives of the trading platform noted the incident and halted trading of the coin due to ‘abnormal volatility’.
#Binance has suspended trading of $AEUR due to abnormal volatility.
Thanks for your patience and our team is working towards reopening trading soon.https://t.co/F80OVDG1qk
— Binance (@binance) December 5, 2023
“Because AEUR was well received by the community, including users who perhaps did not realise its status as a stablecoin, there was high demand for the asset, which led to a deviation in its price,” Binance explained.
The exchange team also pledged to compensate affected users for their losses.
‘Stablecoin’ выпущена in August by the subsidiary of a Singaporean investor and former politician Calvin Cheng, Anchored Coins. According to сайту of the project, the stablecoin is backed by fiat euro with a market capitalization of €5 million.
Binance listed AEUR on December 4, but the ‘stable’ asset remained for less than a day. Moving forward, the exchange intends to resume trading the coin.
In November, Kaiko обратили внимание on a minor but persistent deviation of the USDT price from the US dollar.
On October 11, the real estate-backed stablecoin Real USD (USDR) утратил its peg, dropping in price by 50%. Before the ‘unpeg’, the coin’s market capitalization was about $45 million.
Moody’s зафиксировали 609 depegs of major stablecoins for the year. In total from January through September there were 1,914 deviations from the peg.