#WYSTStablecoin #WYSTStablecoin : A 10-Year Trader’s Lens

In crypto’s volatile seas, stablecoins like #WYSTStablecoin promise calm—but tread carefully. Over a decade, I’ve seen “stable” projects implode (RIP TerraUSD). Key questions:

- Backing: Is WYST 1:1 fiat-backed, algorithmic, or hybrid? Transparency matters.

- Audits: Who verified reserves? Unaudited = red flag.

- Use Case: Is it a DeFi workhorse or a ghost-chain token?

Stablecoins aren’t risk-free. In 2022, I dodged a bullet exiting an “audited” stablecoin days before its depeg.

My playbook:

1. Verify reserves: No proof? Skip.

2. Liquidity check: Can you exit $1M+ without slippage?

3. Diversify: Never park more than 20% in one stablecoin.

Hype around new entrants like WYST often overshadows due diligence. Trust math, not marketing.