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Is WBC Ready for Stablecoins?
The reason why we're not seeing all of these burned CFI users come to DeFi is because, you know, DeFi is not ready for them yet. I don't think it's a particular price or ratio. It's the speed of the move, right? So if it gradually starts trading lower and there's more of a fight, et cetera, that's fine. But if it's a disorderly liquidation, in which case, like BitGo comes out suddenly hypothetically and says, okay, the third of our Bitcoin is gone or something like that, then it could be a completeness"