According to The Information journalist Yueqi Yang, Erebor Bank has been attracting crypto clients this year by offering free conversions of Circle and Tether stablecoins into cash. However, some professional trading firms have taken advantage of this policy for arbitrage, resulting in costs for the bank. Yueqi Yang pointed out that this highlights how stablecoins don’t always maintain a $1 price in actual transactions. Redemption fees, liquidity differences, and de-pegging risks can cause deviations, which could also become a challenge for banks looking to treat stablecoins as cash. https://(wublock123.com)/news/erebor-bank-free-stablecoin-cashout-arbitrage-bank-bears-cost-68453