Stablecoins do not hold $1 by magic. They hold it by reserves, redemption, and liquidity.
Check what backs one, how fast redemptions settle, and how thin its pools get under stress.
Depegs start with doubt, then a rush for the exit. I track the quiet risks before they trend.
Check what backs one, how fast redemptions settle, and how thin its pools get under stress.
Depegs start with doubt, then a rush for the exit. I track the quiet risks before they trend.