UNUSUAL MONEY - HARDCODED LIES, COLLAPSING PEGS, AND A FOUNDER POSSIBLY PLAYING BOTH SIDES

Summary from the TLDR Crypto newsletter

The collapse of Usual Money's USD0++ token reveals how DeFi protocols can exploit complex financial setups and opaque practices. Promised as a stablecoin "usually worth one dollar," USD0++ turned out to be a zero-coupon bond, trapping users in underwater positions while insiders like MEV Capital profited from fees and strategic timing.