$1.9T wipeout in crypto risks spilling over to stocks, bonds — stablecoin Tet...

$1.9T wipeout in crypto risks spilling over to stocks, bonds — stablecoin Tet...

The dangers posed by stablecoins to the traditional market cannot be dismissed due to Tether's exposure to the U.S. credit system. The cryptocurrency market has lost $1.9 trillion six months after it soared to a record high. Interestingly, these losses are bigger than those witnessed during the 2007's subprime mortgage market crisis — around $1.3 trillion, which has prompted fears that creaking crypto market risk will spill over across traditional markets, hurting stocks and bonds alike.Crypto market capitalization weekly chart. Source: TradingViewStablecoins not very stableA massive move....


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