Most people think stablecoins are “safe” because they say $1.
But safety doesn’t come from the label.
It comes from structure.
A stablecoin survives only if:
• Reserves are real
• Assets are high quality
• Redemptions can be handled under pressure
When one of those breaks — the peg breaks.
UST collapsed because trust collapsed.
USDC depegged because banking risk froze reserves.
Price is surface.
Structure is survival.
That’s why I study systems — not signals.
I explained this step-by-step in my book
“The Crypto Story You Were Never Told.”
No hype.
Just how the system actually works.