Why has fusd depegged if it’s overcollaterlised? No fud just want some education.

FantomFantom
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self.FantomFoundation1m ago
So I’ve read that this has happened mainly because there currently isn’t any liquidation mechanism to prevent the collateral fantom has to fall below the value of fusd. Is this true? Other people say it’s because of low liquidity, but that shouldn’t be the case because it’s at $40mill and the overcollaterlised stablecoin mechanism works with pretty much any liquidity providing you have constant arbitrage. So could someone confirm to me what’s happened, what has this not happened to dai as that is a overcollaterlised stablecoin too