FALSE ASSUMPTION: 🚫 Cash is risk-free and liquid → ✅ FACT / Our Hypothesis = Stablecoins have unknown instrinsic (zero value?) and can stop redemptions (completely illiquid?)

FALSE ASSUMPTION: 🚫 Cash is risk-free and liquid → ✅ FACT / Our Hypothesis = Stablecoins have unknown instrinsic (zero value?) and can stop redemptions (completely illiquid?)
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Hypothesis H10033

False assumption:

🚫 Cash is risk-free and liquid

Our hypothesis:

✓ Stablecoins have unknown (perhaps zero) intrinsic value and can stop redemptions (i.e. fully illiquid)