Algarithmic Stable Coins - What's the Tide?

Blackfy was last reported raising at a one billion dollar valuation in 80 % down round. That's going to basically ruin their cap table, like it is unclear that without investors like thrieros capital they'll be able to os that billion dollar round. Liquidity's kind of like a tide. When the tide goes out, you know who's swimming naked. A lot of stable coins are struggling with liquidity issues and maintaining their peg outside of algarithmic stable coins.