Wrapped coins are actually stable, aren't they? You get one for one, and both sides are on a blockchain. In real life there's no stablecoin. Even fully backed

Wrapped coins are actually stable, aren't they? You get one for one, and both sides are on a blockchain. In real life there's no stablecoin. Even fully backed deposits can be traded at some other amount than 1:1, for whatever reason. Totally depends on whether you actually think the exchange can be done, and there are various reasons it might not.