According to @intangiblecoins, the recent NYC op-ed on stablecoins contains fundamental errors about the dollar system, which could misinform traders about the actual risks associated with stablecoins in global financial stability. The op-ed claims that cryptocurrencies, especially stablecoins, present substantial risks to the worldwide financial system, but @intangiblecoins points out that these arguments overlook how stablecoins function as on-ramps and off-ramps for fiat in crypto trading, and misinterpret their reliance on the dollar (source: @intangiblecoins Twitter analysis). For traders, this highlights the necessity of understanding the real mechanics behind stablecoins, as regulatory misperceptions can drive market volatility and impact liquidity for key trading pairs.