If/when that happens a major casualty will be all the people yield farming stablecoins on DeFi platforms like Curve and Compound. Right now staking dollar stab

If/when that happens a major casualty will be all the people yield farming stablecoins on DeFi platforms like Curve and Compound. Right now staking dollar stablecoins looks like a pretty risk free way to make 5-10% per annum on your USD positions. The way you do that is by providing liquidity for trading back and forth between USDT/USDC/DAI and other stablecoins. If USDT ever breaks a buck, then there will be a run on the pools and all your USDC/DAI will suddenly convert to now worthless USDT.