Wall Street warns Tether and USDC may not qualify as true stablecoins amid concerns over reserve assets, past de-pegging ...

First, let's think about why an investor would hold stablecoins at all. They are mostly transparent tools that make your crypto-investing process a little bit smoother, but that's not the whole story.

The most important feature in a stablecoin is that it maintains its peg to a fiat currency. If a stablecoin loses its peg, it can be disastrous. People liquidate their holdings as quickly as possible ...