Yes, until they run out of cash and you sit on worthless tether. | Hacker News

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		legulere on May 12, 2022 \| parent \| context \| favorite \| on: Tether starting to lose its peg too, after Terra d... Yes, until they run out of cash and you sit on worthless tether.

FabHK on May 12, 2022 [–]

AKA bank run.

legulere on May 13, 2022 | [–]

No. Banks have the problem that they can’t liquidate assets fast enough to pay people in a bank run. Stablecoins simply don’t have enough assets to pay out people.

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