Starting half way through 2025 the price of USDC.e (bridged through Stargate) has been off and always valued at $0. Even 1,500 USDC.e is considered worth $0".

This leads to artificial gains. If you swaps 1500 USDC.e (with a fake $0 cost basis) for 3000 BERA tokens then it says you "made $1,500" on the trade. That is why it is important to fix; to make the software accurate, easy, and trustworthy.

Berachain doesn't have a native USDC token (yet), so all transactions on the chain are USDC.e for now.

The price of USDC.e on Berachain should be pegged to this price datastream: