@clarkpenn
A temporary de-peg of a major stablecoin can trigger short-term liquidity stress and risk-off behavior, potentially spilling into margin calls and temporary price dislocations. Immediate effects include flight to top liquidity (major stablecoins, BTC) and elevated volatility. In the next [time period], the system usually stabilizes if issuer remedies the peg and redemptions are honored; prolonged de-peg risks broader confidence and deeper market stress.