Market Maker Cumberland Says a Leading Stablecoin Will Collapse

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OTC crypto platform Cumberland has not ruled out the next asset that is in danger of collapsing will be one of the leading stablecoins.

Cumberland has suggested:

“The next major asset to drop would be a top-2 stablecoin. If that happens, there will be generational buying opportunities in BTC & ETH. If not, the market will probably calm down for a while.”

At the moment, USDT and USDC occupy the first two lines in the stablecoin ranking by market capitalization.

Cumberland has also noted that the OTC table is currently experiencing “the biggest flow of the year.”