Stablecoins wield significant influence in the vast realm of DeFi, acting not only as collateral and debt facilitators but also casting a profound impact on the broader crypto sphere. A whopping 90%+ of crypto enthusiasts have crossed paths with stablecoins, whether currently holding or having dabbled in them previously. These unsung heroes quietly bolster crypto volumes, serving as the backbone for DeFi ecosystems. Yet, their stability is a perpetual uncertainty. Take the notorious $UST de-pegging saga, resulting in a staggering 99.9% TVL plunge in the Terra chain—a stark testament to the sector's volatility. With over 600 de-pegs shaking up major fiat-backed stablecoins this year alone, it's evident that stability isn't always a given in this ever-shifting landscape. 👉 Protect yourself, cover your stablecoins: checkdot.io/covers 👉 Post: https://twitter.com/Checkdot_proto/status/1744769377482768872