 a reminder that the crypto ecosystem is based on the transactions of stable coins to turn any crypto into actual usable usd. those stable coins are backed by shady companies in the cayman islands using chinese commercial paper debt as collateral - which would never fly in a regulated money market fund. if there is a run on crypto, you literally will not be able to cash out. chinese commercial paper is collapsing with property debt. y’all have fun with that 🍿 