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Right. It’s fairly trivial for the exchanges to disallow a sell order for a stable below a certain price. That’s an obvious thing they would do if things start to really spiral here.

That's exactly the kind of thing that would cause everyone to lose confidence in a coin.
More the exchanges imo. Similar to Robinhood halting orders on GameStop.
They did it briefly for UST(erra) at 0.7

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