#稳定币增长与监管 USDe dropped from 14.7 billion to 6.4 billion. The lessons from this trust crisis are worth a serious review. The model of synthetic stablecoins itself is not flawed, but the combination of leverage and oracle risk can lead to a rapid collapse once it fails—190 billion USD in liquidation volume is a clear proof.

Key observation: The main cause of this weakness is the withdrawal of regulatory capital, not retail panic. This indicates that institutional attitudes toward risk assets are changing, which directly impacts our copy trading strategies. Track those traders who mainly hold stablecoin ecosystems; now is the time to pay special attention to their risk management logic—who can maintain stable growth under regulatory pressure, and whose risk resistance is more trustworthy.

USDe once de-pegged to $0.65, and even after recovery, it remains weak. This is not a sign of bottom rebound but a market re-pricing risk. If your copy trading portfolio includes traders with heavy stablecoin yield strategies, now is a good time to adjust your position sizes—not to clear out, but to moderately reduce exposure and reallocate the freed-up funds to traders who are more resilient under extreme market conditions.

Experience has shown me that trust crises are often the true test for traders. Watching how they respond is more valuable than just seeing how they profit in favorable conditions.