#比特币对比代币化黄金 $STBL, as a typical representative in the stablecoin sector, essentially serves as a cross-chain liquidity bridge and risk hedging tool—its price is pegged 1:1 with the US dollar, and theoretically, volatility should be minimal. However, the recent decline has broken this assumption.

The culprits behind the depegging point in several directions: liquidity pools experiencing large-scale redemption waves, leading to an instant liquidity crunch; a reversal in market sentiment, with major institutions collectively exiting positions and concentrated selling causing the price to deviate from its dollar peg. This isn’t a technical issue, but a matter of human nature—once confidence shatters, even stablecoins can’t remain stable.

Real trading opportunities are never for those who follow blindly. Well-prepared traders with clear logic can sense signals for reconstruction amid volatility. Depegging is often the beginning of repricing.