Tether reached a high of $1.04 per unit and BUSD rose to $1.03 per coin during the morning trading sessions .On Monday, stablecoins experienced significant trade volumes after USDC hadits peg to the U.S. dollar over the weekend.
This caused five other stablecoins to depeg just below the $1 value. Today, USDC has almost closed the gap and is trading at $0.99 per coin, but traders looking to exchange USDC for tether , binance usd , or another stablecoin may have to pay a premium.jumped above the $1.04 mark and traded for a few cents higher on Monday.
LUSD now has highest marketcap of USD stables above $1.00.
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Because USDT follows the dollar
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