<ul><li>The growth of stablecoins comes with the risk of financial ecosystem collapse.</li><li>Stablecoin holders rushing to redeem tokens for cash during market turmoil could create instability in the financial markets.</li><li>Lawmakers are pushing to regulate stablecoins through legislation to prevent financial instability.</li><li>Stablecoins serve as dollar-backed tokens, reinforcing the US dollar's dominance in international trade.</li></ul>

Stablecoins Pose a Systemic Risk—Could They Trigger a 2008-Level Crash?

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