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To my knowledge, every bankrun on a non-algorithmic stablecoin has resulted in huge losses for the panic sellers, huge gains for the steady hands, and no lastin
by pants2 2y ago
To my knowledge, every bankrun on a non-algorithmic stablecoin has resulted in huge losses for the panic sellers, huge gains for the steady hands, and no lasting liquidity issues for the stablecoin itself. Tether, Dai, USDC have all had bank runs at one point or another yet continue to trade at a dollar.