Unfortunately that’s not saying much at all. We haven’t generally seen harsh harsh action past weeks overall and I doubt we see this do what it’s supposed. It’s fine from 1.01 to .94 cents in hours yesterday. 6% moves down is huge for something supposed to be stable. If we all claim it’s basically stable because it’s not as bad as past it will not help but hurt us. Newbies will be caught off guard and be confused. Just my take
Cheers friend
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It's progress. Things don't always work perfectly immediately, it takes developments that improve at each step. There is no other truly non-custodial stablecoin that has done better (DAI works partially with support of fully custodially backed USDC).