That Moment the Dollar Broke: How a Stablecoin Peg, a 12% Bitcoin Drop, and Three Crashes Taught Me to Stop Playing with Fire

https://www.laweekly.com/how-bitcoins-40-crash-is-fueling-the-stablecoin-casino-revolution-why-usdt-usdc-are-dominating-crypto-gambling-in-2026/

Stablecoins hold over $150 billion — and yet one dollar can vanish in 48 hours The data suggests stablecoins are now core plumbing for crypto markets: total market capitalization exceeded $150 billion by mid-2024, and two issuers alone