5. Stablecoins look stable after one big collapse
Stablecoins are designed to be, you know, stable. Yet one algorithmically-backed version from Terra proved to be rather unstable, and it shook the crypto market as a whole.
Why it matters: The emerging asset class is being increasingly used as an on-ramp into crypto. Because of this, central banks and governments around the world are expressing concern that stablecoins, which can be vulnerable to runs, pose financial risks.