FDUSD Decoupling: Panic, Choices, and Expectations
Last night, the stablecoin FDUSD unexpectedly experienced a decoupling phenomenon. When I noticed this anomaly, the price of FDUSD was near its lowest point. I recalled the painful experience during the last bear market when the stablecoin USTC collapsed and plummeted nearly to zero, forcing me to painfully cut my holdings of FDUSD almost at the lowest point.
The reason I was able to confidently mine FDUSD on Binance was entirely based on Binance's strong endorsement. Otherwise, I would never have chosen to hold FDUSD. I sincerely hope that Binance can demonstrate the responsibility of a leading platform in the industry, actively and properly handle this crisis, provide a reasonable compensation plan for affected investors, help everyone recover some losses, and restore the market's confidence in the Binance platform.
