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And, ... it's gone!!
Likely for good.
Arthur Hayes (BitMEX) just put out another great post, and timely as it is about stablecoins, mostly relating to Luna / Terra, and is worth a read:
The death spiral is no joke. This is a complete confidence game. It’s a confidence game akin to the current debt-based fractional banking system; however, this game does not have governments who can coerce usage of the system with the threat of mortal violence.