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Sisters, good afternoon! On October 14, the European Banking Authority designated USDC as the EU’s first significant electronic money token—a development that has drawn considerable attention. However, despite regulatory recognition, you can’t simply deposit USDC into the @protocol_fx Stability Pool—the protocol has already set a threshold. The threshold is $0.995: if the USDC oracle price drops to this level or lower, new USDC deposits into the Stability Pool will be paused. In other words, it’s just half a cent away from $1. Note that this is based on the Oracle Price—not the occasional trade price on an exchange. The Stability Pool normally maintains fxUSD’s price stability through exchanges between USDC and fxUSD. If USDC itself begins to depeg and deposits continue unchecked, risk would simply enter the pool. By pre-setting this pause condition, the protocol can at least block new USDC deposits if USDC experiences an anomaly. Of course, this is merely a pre-defined risk control rule—it has not been triggered yet. When evaluating stablecoin pools in the future, check their Risk Parameters to see under what conditions deposits may be paused. That seemingly insignificant half-cent could make all the difference during market volatility.

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