Only liquidity providers who provide liquidity with GBYTE might have some loses if they don't rebalance the pools, other non-GBYTE liquidity providers are not affected.
Nope, all liquidity providers lose their money because they need to swap to Gbyte at the very end. None of the existing stablecoins can be directly traded for
BTC, Gbyte is the only option. Price is getting crazy, my blockfolio app shows $136.77 right now. Gbyte, I'm saying seriously, stop immediately and go back to $20.
I don't think it works like this, if you are holding a stablecoin, then you are not losing value, you still have the value of that specific stablecoin.
Only thing that stablecoin holders lost was the opportunity to get more BTC or USD by selling GBYTE at higher price.
If you bought IBIT when it was launched at 10 000 USD and sell it now for 60 000 USD worth of GBYTE, you still made 6x.
Same with ITH, when it was launched, it cost 575 USD worth of GBYTE, now it is worth 2300 USD worth of GBYTE, so you made 4x gain.