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[–]AmericanMuskrat[S] 1 insightful - 1 fun1 insightful - 0 fun2 insightful - 1 fun -  (0 children)

So the problem here is those stable coins are kinda wink wink nudge nudge worth 1:1 coin to fiat currency and their reserves are often questioned.

And everything fucking runs on these stablecoins.

70% of the market is in stablecoins

So, if Congress goes looking behind the curtain and the stablecoin isn't above board bad things happen to crypto.

Cro is still pumping like a gangsta. It doesn't seem to care. But I suspect that's why things are going down down.