Also, a lot of banks wouldn't work with crypto companies to provide them liquidity. So, stablecoins came in and said: "we'll be your liquidity!" It only works

Also, a lot of banks wouldn't work with crypto companies to provide them liquidity. So, stablecoins came in and said: "we'll be your liquidity!" It only works if the stablecoins can get you your USD back at the end of the day though, which is what's being tested right now.