Stablecoins aren’t actually that stable The long-criticized stablecoin giant USDT has also had its moments of 'depegging.' It’s just that, thanks to its strength and large scale, it hasn’t depegged as severely as some other stablecoins... But we can’t expect all stablecoins to return to a 1:1 peg. One day, if you’re trying to make a quick profit, you might end up being the one sacrificed for that profit... Just like this wave of altcoin purges in the crypto space, the money made on altcoins during the 2+ years of the bull market could go to zero overnight. What’s scary is that black swan moment! This is also a stress test. It’s testing the extreme risks of this market, testing the exchanges, and also testing the risk exposure and responses of both institutions and retail investors. I think there are still liquidated institutions hiding in the shadows, yet to be exposed... Let’s see who else gets sacrificed in this cleansing. Surviving is the key to laughing last. Whether you’re a retail investor, an exchange, or an institution