# QiDao’s miMATIC Stablecoin Trades at About 86 Cents

By Enna Lee

Canonical URL: https://www.tokenpost.com/news/investing/23224
Published: 2026-09-23T11:30:25.000Z
Updated: 2026-09-23T11:30:25.000Z

QiDao’s miMATIC stablecoin is trading at approximately $0.86 on Polygon, putting it about 14% below its $1 peg as the deviation continues.

The token’s market price has moved well below the dollar level it is intended to track. At $0.86, miMATIC is 14 cents short of its reference price.

The ongoing depeg marks a sharp break from miMATIC’s dollar target. The token remains under pressure as of Sept. 23, with no recovery to the $1 level indicated in the supplied market update.