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USDT can't hold up anymore? The once highly anticipated stablecoin has broken below, and holders are generally facing losses. Traders holding full positions in offshore RMB-related assets are even more caught off guard—what once seemed like a "stable" safe haven has now become a synonym for loss. The market trend suddenly shifted, and the previous certainty is dissipating. This move has caused many to reevaluate the actual value of stablecoins—what exactly is truly "stable"?