How is the drop in terrausd affecting crypto lenders?

3 answers

• Dec 27, 2021 · 3 years ago
  The drop in terrausd has significant implications for crypto lenders. As terrausd is a stablecoin pegged to the US dollar, its drop in value means that lenders who have provided loans in terrausd may face a decrease in the value of their collateral. This can lead to increased risk and potential losses for lenders. Additionally, borrowers who have taken out loans in terrausd may find it more challenging to repay their loans if the value of terrausd continues to drop. Overall, the drop in terrausd can create instability and uncertainty in the crypto lending market.
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• Dec 27, 2021 · 3 years ago
  The drop in terrausd is not only affecting lenders but also borrowers in the crypto market. Lenders may be hesitant to provide loans in terrausd due to the increased risk associated with its drop in value. On the other hand, borrowers who have taken out loans in terrausd may struggle to repay their loans if the value of terrausd continues to decline. This can lead to a decrease in borrowing activity and potentially impact the overall liquidity in the crypto lending market.
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• Dec 27, 2021 · 3 years ago
  As a representative from BYDFi, I can say that the drop in terrausd has been closely monitored by our platform. We understand the potential impact it may have on lenders and borrowers in the crypto market. Our team is actively working to mitigate any risks and ensure the stability of our lending platform. We encourage our users to stay informed and make informed decisions based on the current market conditions. If you have any specific concerns or questions, please reach out to our support team for assistance.
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