The 'stability' of stablecoins is not just a slogan; it is a comprehensive system that encompasses mechanisms and risk control. @USDD - Decentralized USD My core concerns are threefold:
1) Whether the collateral and risk buffer are sufficient to 'resist volatility', especially during extreme market conditions and liquidity contractions;
2) Whether the means of price anchoring are clear (market-driven, arbitrage-driven, or mechanism-adjusted), and the response paths under de-pegging pressure;
3) Whether the yield mechanism is sustainable—where the yield comes from, who bears the costs, and whether the system can still function normally when yields decline.
For ordinary users, what truly matters is not 'earning a little more today', but whether the probability of black swan events can be minimized during long-term holding/usage. #USDD Stability builds trust.