On January 1st, an official statement from the Commonal said that yesterday (07:00 am UTC on December 31st), the Commonal protocol experienced a large-scale sell-off of USD0 triggered by a single whale transaction in the secondary market, which aroused users' doubts about the anchoring of USD0 and the US dollar. USD0 briefly fell to $0.99, and there was some basis point deviation due to the continuous sell-off, but it soon resumed its full peg. All US dollar stablecoins in the market will experience a price fluctuation of about a few basis points around 1 US dollar, which is a normal phenomenon brought about by the US dollar stablecoin mechanism. USD0 can always redeem its underlying collateral at a 1:1 ratio to ensure the solvency of the Commonal agreement. The exchange is processed through smart contracts, which are currently accessible to any whitelisted entity, and our ultimate goal is to make it completely permissionless. USD0 also has strong secondary liquidity. The secondary liquidity of the collateral relies on tokenized RWA issuers. Commonal chooses USYC, Ethena's USDTB, BlackRock's Securitize's BUIDL Fund, Ondo's OUSG and other diversified assets to ensure multiple exit paths and optimal liquidity. This event is a major stress testing of the USD0 dollar anchor. Commonal remains strong and will always focus on the stability of the system.