stablecoin depegs are not always failures

we've seen usdc traded down hard during the svb panic in 2023, and usdt dipped during the 2022 ust fallout

what matters is how fast liquidity comes back, whether redemptions work, and whether the backing stays intact

@solsticefi usx’s recent depeg is uncomfortable, but it’s also a real-time audit of market structure

it’s messy, but surviving the mess is how stables earn trust

if a peg never gets tested, that’s just no one pushing size

do you prefer a quiet stable with no stress events, or one that survives them in public?