QiDao Protocol stablecoin miMATIC on Polygon continues to trade significantly below its intended peg, currently valued at approximately $0.86. This represents a 14% deviation from the $1 target price, according to monitoring data from Blockaid. The depegging event remains active as of September 23, with no immediate signs of stabilization reported. Market participants tracking Polygon ecosystem assets should note the persistent discount in miMATIC pricing against its designated parity level.