Yesterday, USD1 briefly dropped to ~0.98. Back in December last year, USD1 depegged to 0.9. Remember when Luna called UST the 'Moutai of crypto'? It went to zero. IRON crashed in 2021 and directly hit zero. In comparison, @protocol_fx's fxUSD: On-chain high-quality collateral (Bitcoin/WBTC + Ethereum/stETH) with an automatic stabilization mechanism. Unless these collaterals go to zero, it's almost impossible for it to depeg to zero! The odds are lower than winning the $5 million lottery. Trust comes from mechanisms, not promises. Only those tested by storms are truly safe stablecoins. fxUSD #Stablecoin #Decentralized #StablecoinDepeg