The stablecoin PEUSD issued by Lybra Finance continues to decouple

Coingecko data shows that the stablecoin PEUSD issued by Lybra Finance has decoupled to 0.8218 USDT, and it had fallen to 0.79 USDT three days ago. PEUSD has been continuously decoupling since September of 2023. In addition, DefiLlama data shows that the current TVL (Total Value Locked) in Lybra Finance protocol is $263 million USD. On September 2, 2023, Lybra Finance announced the launch of peUSD on Arbitrum One as a cross-chain and DeFi practical version of the interest-bearing stablecoin eUSD. Users can mint eUSD by collateralizing ETH or stETH and then convert it into peUSD on Arbitrum One, or directly use wstETH, rETH, WBETH etc., to mint peUSD on Arbitrum One.