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CAUSE OF DEATH

Newborn Stablecoin Arrives Dead on Exchange

In nature, we observe a peculiar phenomenon: the token that promised stability, yet possessed none. Born merely an hour ago, our specimen achieved what few assets manage—a 22% fluctuation whilst claiming the mantle of a stablecoin. One watches, with anthropological fascination, as 23 holders discovered that decentralization, like many promises in DeFi, was merely theater.

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