Why is a stablecoin swap showing less than one dollar per token?

Quotes reflect pool liquidity, fees, spreads and market conditions. A stablecoin’s target peg does not guarantee a specific executable price on every venue.

The answer

Quotes reflect pool liquidity, fees, spreads and market conditions. A stablecoin’s target peg does not guarantee a specific executable price on every venue.

What to do next

Compare the actual output, price impact and fees against reliable liquidity routes. Verify you are trading the legitimate token contract.

USEFUL TOOL OR DOCUMENTATION

Circle USDC information

This resource helps with the question, but is not presented as a commissionable partner.

Visit Circle USDC information ↗Useful research or product resource; no affiliate status assumed.
RELATED PRODUCT OR SERVICE

Kraken crypto exchange

A crypto exchange to compare for supported assets and networks; not a repair for a failed transfer or permission issue.

Explore Kraken crypto exchange ↗Official website; affiliate programme available to apply for. No tracked link or partner approval yet.

Related crypto questions

Frequently asked questions

Can a stablecoin trade away from its target peg?

Yes. Market prices can diverge from the intended redemption value.

More guides