![Crashed Stablecoin Iron Bank Euro (ibEUR) Lacks Clear Repeg Path Tyler Spalding, CEO / Co-Founder, Flexa, 2Chainz and Zack Seward, Deputy Editor-in-Chief, CoinDesk](https://btcusa.com/wp-content/uploads/2023/12/Crashed-Stablecoin-Iron-Bank-Euro-ibEUR-Lacks-Clear-Repeg-Path-678x381.jpg)
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The minor alternative stablecoin, which has an $11 million market cap, 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 – or at least closer to – its supposed Euro peg.
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