According to Lex Sokolin, the referenced token is not a stablecoin but a debt coin, source: https://twitter.com/LexSokolin/status/1956043217779961993. This characterization points to reliance on underlying debt exposure for value stability rather than cash-equivalent reserves, highlighting structural credit and duration risk, source: https://twitter.com/LexSokolin/status/1956043217779961993. For trading, this framing warns to reassess peg stability, liquidity usage, and collateral suitability before positioning or leverage, source: https://twitter.com/LexSokolin/status/1956043217779961993.