Read up about wildcat banking system in the late-1800's early-1900's. That's what we need to educate people about. Not all the banks failed. Not all the notes were worthless. Many, many people still lost their life-savings.

This is not new. This is not the first speculative bubble. This has all happened before.

There is nothing inherently flawed about the concept of a stable coin. They should still not be considered an investment vehicle.