$BTC
1. The Critical Role of Stablecoins and Exit Channels
Binance is the largest conversion bridge between fiat/crypto money and stable assets. If a critical security incident or temporary suspension of trading on the exchange occurs, stablecoins act simultaneously as a lifeline and as vectors of contagion:
Temporary Loss of the Peg (
De-pegging
on DEXs):
Amid panic, traders try to get rid of trapped balances or quickly migrate funds through decentralized pairs. This can cause a brief de-pegging (for example, USDT or USDC temporarily trading at $0.95 or $0.98 on decentralized exchanges such as Uniswap) due to the extreme imbalance between high exit demand and the liquidity available in the pools