Is That a Stable Valuation?

The big news this week is what happened with stable coins, specifically terror and its sibling coin, luna. They were branded as stable coins, but really just backed by each other. It was a coin backed by another coin that branded itself as a stable coin. That made maybe some people think it was sort of peg to the dollar, which it was not. There's no such thing as te peg that lasts forever. In the world of crypto, you know, not lasting for turns out, it lasts for about 20 months. But none of them for ever.