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Market Psychology
Entry #0972
The reason a stablecoin’s calm is a story until it is not
A stablecoin holds its peg because holders believe it will, and the calm itself reinforces the belief, until a shock tests the story and the peg breaks in hours.
Adept
The hidden part
#0972
A stablecoin’s calm is confidence performing as structure. It holds until the story cracks, and then it breaks all at once.