There are many risks lurking in the crypto market, and one of them is the stablecoin crackdown. This is something that has been under scrutiny for almost a year, and it looks like the saga has entered another chapter.

The Fed recently released a stablecoin report comparing stablecoins to money market funds. At first glance, this seems like a dry and boring topic. But on closer inspection, this could be bad news for stablecoins.

The report itself is also quite interesting. It reveals exactly what happens when stablecoins depeg, and at what point people start to panic. As always, we're bringing you some additional alpha that the author missed (or omitted on purpose!)