Why stablecoins stay stable and why they can lose their peg
A peg is a design objective, not a guarantee of an unchanging market price.
Read in Chinese →Learning topics
Stablecoins
Reserves and redemption behind the price peg.
Titles and summaries are in English. Articles marked “Chinese article” open the Chinese original.
8 articles
All articles →Reading USDT reserve reports: asset classes, dates and scope
Beyond having reserves, ask what they contain and which date the report covers.
Read in Chinese →USDC transparency: disclosures, attestations and direct redemption
Understand the document type before deciding what it actually proves.
Read in Chinese →Comparing USDT and USDC without declaring either absolutely safe
Compare networks, liquidity, redemption and administrative controls individually.
Read in Chinese →USDT or USDC sent on the wrong network: locate the problem before discussing recovery
A shared ticker does not guarantee deposits are supported on every chain and platform.
Read in Chinese →Watching a depeg: prices, redemption and evidence together
Identify the affected market before judging whether the issue is local liquidity or broader confidence.
Read in Chinese →Where stablecoin yield comes from: holding is not the same as lending
A relatively stable principal price does not make interest-bearing strategies risk-free.
Read in Chinese →Stablecoin freezing powers: self-custody does not remove token controls
Controlling wallet keys and controlling all token-contract behavior are different powers.
Read in Chinese →