The article misses some 'little' detaails -

1. The price of bitcoin is measured in stable' coins

2. What is assumed as a guarantee of 1:1 peg between 'stable' coins and fiat is just a promise

3. The entire crypro market cap is 1T+ USDx , while the total fiat colleted in exchange for 'stable' coins is less then $100B. Most of the collected fiat is not liquid but loaned...