The miMATIC (MAI) stablecoin on the Polygon network has fallen to about $0.86, roughly 14% below its intended $1 peg, due to thin liquidity and reduced investor confidence. The drop follows security issues with the Multichain bridge and bad debt linked to the Fantom network, which weakened MAI's reserves. Efforts by QiDao to clean up bad debt and buy back tokens have not fully restored liquidity or confidence. Major DeFi platforms like Aave have reduced or restricted MAI use, limiting its utility and putting further strain on its redemption mechanisms.
Polygon's miMATIC stablecoin faces challenges. For readers following cryptocurrency markets, here is Pluang's market snapshot as of Sep 23, 2026 20:03 WIB: out of 50 major cryptocurrencies priced on Pluang, 29 rose and 20 fell today. Notable movers include VET at Rp170 with a 4.87% increase and a typical hold time of 146 days, AXS at Rp20.211 rising 4.07% with 97% sell order activity, and SAND at Rp780 up 4.06% with 73% sell order activity.
Oppenheimer lowered Nike's price target to $52 from a higher level, reflecting concerns over falling sales and macroeconomic challenges. Despite Nike's stock trading near its 52-week low around $35.35, the new target implies a potential 44.85% upside...
Stifel Financial upgraded Microsoft from Hold to Buy, raising its price target to $575 due to strong growth prospects in Azure cloud services and Microsoft 365 Copilot. The analyst highlighted Azure's 43% year-over-year revenue growth and over 30 mil...
Apple Inc. remains a major institutional holding with a market cap near $5 trillion as of September 2026. Recent filings show Robinhood Asset Management increased its Apple shares from 97,500 to 122,289 between March and June, while Westpac Banking C...
Paychex, Inc. reported strong first-quarter results with an adjusted EPS of $1.34, beating estimates, and total revenue of $1.63 billion, a 6% increase year-over-year. Growth was led by a 12% rise in the Professional Employer Organization (PEO) and I...
RBC Capital assigned Fastly a "Sector Perform" rating, signaling a neutral investment outlook. Fastly aims to grow its revenue to $1.1-$1.3 billion by 2029, driven by steady operational improvements and a $22 billion market opportunity. The company i...
