Comment by woeirua

Yep, when the run on the so-called stablecoins happens it will take down the exchanges more-or-less all at once (since they all have large holdings of USDC and USDT and use USDC/USDT to swap between one another). The exchanges will freeze withdrawals as they'll have huge holes in their balance sheets and the entire system will implode in spectacular fashion. If you have any money left in crypto at this point, then you get what you deserve.