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 it fails then you lose, you are not having any assurance of the stable coin value if they are hacked or exit scammed. But there are decentralized stable coins backed by ethereum which is not going to lose its value unless the ethereum itself goes to zero.