A tether collapse would instantly reduce the USD market cap of crypto by 80 billion, and that's without any investor behavior added on top.
On top of that, Coinbase needs a stable coin to operate at any non-trivial scale.
I'd say the impact would be severe. That is unless crypto investors just pretend nothing happened, and some other bullshit stable coin immediately takes care of the liquidity issue, which I'd call likely.
On top of that, Coinbase needs a stable coin to operate at any non-trivial scale.
I'd say the impact would be severe. That is unless crypto investors just pretend nothing happened, and some other bullshit stable coin immediately takes care of the liquidity issue, which I'd call likely.