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RE: Daily Crypto Markets Live Blog: Are Stablecoins In Trouble? (05/23/22)

in LeoFinance2 years ago

People will learn from it but I still think it highlighted a larger issue in the crypto ecosystem. We still rely on fiat to cash in or out of the system and it can cause some massive damage if these were to collapse. I think the other coin people are looking at is Tether and they still have a large amount of the stable coins out there. So a collapse there might be another hit that will definitely hurt

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Yep… agree with you. We still rely on fiat.

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That is because people are looking to the backing instead of the value building.

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