You could argue that. And that is a good point. But it is simply price swings or volatility. The job of the stable coin is to be stable during periods of volati

You could argue that. And that is a good point. But it is simply price swings or volatility. The job of the stable coin is to be stable during periods of volatility, even high one as that. A black swan event is the one you pointed out about ETH crashing to zero. And there were none yet.