Report: Less Than 6 Accounts Control 80% of Wealth on Top Stablecoins

[sirty143]

Report: Less Than 6 Accounts Control 80% of Wealth on Top Stablecoins

A report by CoinMetrics has found at least 80% of the entire capitalization of five top stablecoin projects is held in less than six accounts on each respective network. See more for yourself here.

Your opinion is greatly appreciated.

[aiviaa485]

The basic principle is that if a stable coin does have to be in control because the name is stable, there should not be a decrease in the price of the coin.
I remember the drama with Tether when it was still in the OMNI network in 2017 and the price was dumped up to 30%, this is a question where Tether has cheating on its stable currency.

If you see something like this in the thread, then it is only natural that the USDT must be in control and that is the main wallet of the creator of the USDT to stabilize prices.

[masudginanjar]

In my opinion it is only natural that the Stable coins are owned by 6 ruler accounts because yes indeed if the stable coins have to be controlled, especially in price sensitive matters.
If there are 6 wallets that control it, we are afraid that the 6 accounts will discuss to discard the coins, so that the stable coin is not the original stable coin !!!

[ansi]

I heard that one big ass wallet was blacklisted among those big wallets, probably doing some sketchy Money Laundering or something.
The worst face of crypto, in Stable coin or even BTC, is that some major wallets are scary enough to make even institutional money not to invest in crypto, those wallets can destroy the market if they want too, that's why crypto is so volatile & risky.