Lesson outline
- Depeg — the rate breaking away from $1: why it happens and how it ends.
- Case study UST/Luna (2022): an algorithmic stablecoin that vaporized $40B.
- Case study USDC (March 2023): a dip to $0.88 after the SVB bank collapse — and the recovery.
- Freezing risk: USDT and USDC can block addresses on regulators' demand.
- Practice: how to split funds across stablecoins.
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🚧 Full write-up with screenshots coming soon.
CHECK YOURSELF
1. What is a depeg?
2. Why is keeping your whole deposit in one stablecoin a bad idea?
3. Can the USDT issuer freeze your tokens?