Current and former regulators worry that stablecoins could be vulnerable to the equivalent of a bank run if large numbers of investors suddenly rush to redeem them, forcing sponsors to sell the assets at fire-sale prices and potentially putting stress on capital markets, as well.
What blinding insight this is, considering how the US government seems to think that Credit is worthless. It's a good thing this can't happen with USD, right?
>Current and former regulators worry that stablecoins could be vulnerable to the equivalent of a bank run if large numbers of investors suddenly rush to redeem them, forcing sponsors to sell the assets at fire-sale prices and potentially putting stress on capital markets, as well.
What blinding insight this is, considering how the US government seems to think that Credit is worthless. It's a good thing this can't happen with USD, right?
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