Recently, the stablecoin market has been quite interesting. USD1 has fallen from 1.0020 all the way down to 0.9994. In just a week, the previous investment returns have been wiped out. As the investment matures on the 24th, many people are starting to get restless and are rushing to redeem early. Honestly, rushing to exit 10 days early is a bit too quick.

This pullback reflects subtle changes in market confidence in stablecoins. The volatility of BTC and ETH has also been quite intense recently, with many investors struggling between gains and risks. Even before the investment products mature, a wave of redemptions has already emerged, indicating that investors are not optimistic about the recent market outlook.

Let's wait until the 24th to see if stablecoins can stabilize again. Otherwise, this collective redemption could intensify liquidity pressure, which might be counterproductive.