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A source-linked risk matrix for the major stablecoin and stablecoin-like buckets: fiat-backed payment coins, DeFi overcollateralized dollars, synthetic-dollar basis products, tokenized cash wrappers, and the long tail.

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https://tenjin.blog/api/read/onchain-notes/stablecoin-risk-matrix-2026-usdt-usdc-usde-dai-usds-pyusd-rlusd

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