Tirole dey warn about Stablecoin Systemic Risk and Crisis
Nobel winner Jean Tirole dey warn say stablecoins wey people dey see as risk-free get hidden wahala wey fit cause gbege for liquidity and make plenty people dey rush collect their money. E talk say some people wey dey issue dem dey back di reserve with assets wey get high returns but risky, wey dey shake di stability. If dem no get strict and clear rules for reserves, real-time check and proper regulation worldwide, big stablecoin crash fit cause gbege for crypto exchanges, DeFi platforms and traditional finance. Traders suppose dey watch how dem dey show di stablecoin reserve, updates for regulation and how market feel to sabi how e go affect liquidity and price stability.
Bearish
Tirole warning show say stablecoins get big stability risk. For short time, people fit fear say no clear how reserve dey and say plenty people fit wan redeem at once, fit make market confidence fall and sell off go happen, e go put pressure to make stablecoin value and related asset small. For long term, if audit strong and global regulation show, trust fit come back, but till reform happen, traders go likely dey careful and avoid risk.