🚨 LATEST: Stablecoins settle 24/7, but the ECB warns mass redemptions could trigger bank withdrawals. They accounted for 94% of crypto bought with Argentine pesos, while $38 billion in Turkish lira was swapped for stablecoins over a year, per Sphere Labs and SVB. MELD says most businesses using its service convert back to fiat immediately after settlement. https://ct.com/magazine/stablecoins-can-drain-from-banks-and-nations-at-lightning-speed