[NYDIG: Stablecoins Are Not Truly Pegged to the US Dollar] Greg Cipolaro, Global Head of Research at NYDIG, stated that stablecoins like USDC and USDT are not truly pegged to the US dollar, as their value fluctuates based on market supply and demand. Essentially, stablecoins are market trading tools, and their 'stability' is determined by arbitrage and market dynamics. Users should be cautious of the associated risks.