#StableMarket

💡 Stablecoins safer than bank deposits?

🤔 At Proof of Talk 2025 in Paris, Haun Ventures’ Diogo Monica made waves, claiming stablecoins might outshine commercial bank deposits. Why? Many are backed by reserves in G-SIB banks or US Treasury bills—seen as more secure than a bank’s liability.

🏦But there’s a catch!

🚨 Tether, the top stablecoin, has faced scrutiny over transparency. In 2018, it lent $625M to Bitfinex after a $850M loss, with reserves once only 74% backed. Despite recent attestations, Tether still lacks a full audit, raising red flags. Cyber Capital’s Justin Bons even called it a “threat to crypto” in 2024.

😱Are stablecoins the future of programmable money, or do their risks outweigh the hype? Let’s discuss!