ilmscore | Prediction Details
"The biggest threat is will stable coins still be worth a dollar if something like this were to happen because think about it a lot of people joined the crypto space because they wanted to earn interest but if the president all of a sudden announces that people can't do that anymore the first thing that would most likely happen is people would run for the exit as they tried to convert their stable coins for dollars and we would get a run on the bank and that would be catastrophic and here's why if there's not enough liquidity because people are too busy selling everything and no one is buying then it's very possible that the price of a stablecoin drops below what it's supposed to be worth one dollar"
By Andrei Jikh | February 15, 2022 | Pending
From video
URGENT Crypto Regulations Explained 00:05:56 - 00:06:36
Interpreted Prediction
A ban on crypto interest could cause a run on stablecoins, potentially causing them to de-peg from their $1 value due to insufficient liquidity.

Prediction Details

Topic
Stablecoin Stability

Comments

0 comments

Be the first to share your thoughts.

Like this prediction?

Join to make your opinion count.