Hi,
Just a novice question here: what happens if you hold x amount of a stable coin in one of the many lending crypto platforms available (crypto.com, youhodler, nexo, etc) and that coin fails and goes Kaput? Do you loose it all? or are your assets moved to another token or FIAT?
If I understood the question right then:
1. If the value of the stablecoin will drop to 0, you will end up with the same number of coins, just now they will worth 0.
2. If the coin underlying architecture (blockchain) fails then you (and everybody else) will be unable to withdraw (and also most probably the value will drop).
I am not familiar with those platforms, but why would they exchange the worthless coins into something valuable (hence lose money) because you made a bad investment?
You lose it all. Simple. Stablecoins suck, they are decentralized as Fiat.