Whalesbook
Global central bank officials warn that U.S. trade barriers are increasing volatility, which could trigger a run on stablecoins. Such a run might force massive, rapid sales of U.S. Treasury bonds, potentially causing a financial crisis far larger than the 2008 Lehman Brothers collapse and freezing global credit markets. The rapid growth of the stablecoin market, dominated by Tether and Circle, amplifies this systemic risk.