New Assets, New Rules: Stablecoins Aren’t Swaps

As crypto continues its march into the mainstream, a few critics have recently voiced their concern of an impending financial crisis, similar to the one that shook the global financial system to its core in 2008.

News of some major banking players exploring lending against clients’ crypto holdings has magnified the parallels between 2008 and 2025. The 2008 crisis, however, was fueled by risky, complex financial products like credit default swaps that were hidden from view and poorly understood. Banks took on too much risk without enough oversight, and when the housing market crashed, the entire system fell apart.

Read here

Check out Ava Labs and Avalanche and our Twitter