A significant decline in the value of stablecoins, particularly Tether, could trigger a domino effect, severely damaging confidence in the crypto market and potentially leading to a bank run scenario.
"if the value of tether or any stable coin that's big but mostly tether goes down... and if people lose faith in the value of these stable coins then we could see a massive domino effect which will hugely undermine people's confidence in crypto and we could see another run on the bank"