![Crashed Stablecoin Iron Bank Euro (ibEUR) Lacks Fast Repeg Path Crashed Stablecoin Iron Bank Euro (ibEUR) Lacks Fast Repeg Path](https://digitallifegaming.com/wp-content/uploads/2023/12/SHZFQM4TPRC4JD6K2GHGPBW3ZY-768x402.jpg)
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The minor alternative stablecoin, which has an issuance of $3.7 million, dropped from its normal price of $0.97 to as low as $0.39 Monday after a shakeup in ibEUR’s main trading pool left the asset’s markets imbalanced. At press time ibEUR had recovered to $0.72 after risk-prone traders piled in, hoping for a path back to ā or at least closer to ā its supposed Euro peg.
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