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Stablecoin Collapses: A Study in Hubris

Here we observe the cadaver of USDSC, a creature that lived merely sixteen days before succumbing to its fundamental contradictions. With ninety-eight percent of its wealth hoarded by ten oligarchs and a daily volume of $3.88—barely enough to purchase a coffee—this stablecoin achieved the remarkable feat of being simultaneously stable and worthless. In nature, we call this evolutionary dead-end.