Some thoughts as more than 60k PepeUSD has been minted in the last couple hours... - the USDC in the contract remains there indefinitely unless PepeUSD is burned to redeem, always maintaining 1:1 ratio - you can redeem PepeUSD at any time to get the equivalent amount of USDC - PepeUSD is simply a USDC wrapper with a supply cap, not too different than a commemorative coin with a face value - PepeUSD is the FIRST meme stable coin (?)