I took a look at the USD1 de-anchoring protection mechanism — surprisingly, the odds are set at 1 to 47. This means that the vast majority of market participants are confident it won't de-anchor, with confidence levels through the roof. Quite interesting.

To be honest, I haven't done serious arbitrage trading with stablecoins before, but this extreme market expectation divergence is quite appealing. After all, the more outrageous the odds, the more worth analyzing the opportunities and risks behind them. Planning to start with a small amount to test the waters and see how the market develops.