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?
Most of here will definitely says yes because thats a possibility. Those centralized platform have the option to use it but they are out of decision whether that particular fiat coin has been under an extreme problem( rug or became scam) cause it is likely should be blame on that stablecoin company that you bought. There are cases that some asset got freeze so centralized crypto are always at risk.