Next Currency Crisis May Turn $300Bn in Stablecoins into National Currencies - Nigeria Communications Week
Next Currency Crisis May Turn $300Bn in Stablecoins into National Currencies - Nigeria Communications Week
Source: Nigeria Communications Week
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DW NOTE
The proposition assumes stability will fail before stablecoins do — a bet that sovereign default arrives faster than algorithmic depegging or issuer fraud. History suggests the opposite: when liquidity vanishes, pegged instruments break before the currencies they claim to track. A $300 billion market capitalization means nothing if no one will quote you a bid when you need one.