# So hot, it burns: predicting the fall of stablecoins | ETHWarsaw [4]

- Channel: [ETH Warsaw](https://streameth.org/eth-warsaw)
- Date: 2025-11-09
- Duration: 57:41
- Watch: https://streameth.org/watch/yt-HCVAdiuj_hY
- YouTube: https://www.youtube.com/watch?v=HCVAdiuj_hY

## Description

This panel unpacks the less glossy side of hypergrowth: systemic exposure, depegging dynamics, regulatory pressure, liquidity fragility, and what it all means for builders and markets when "stable" stops being safe.

Speakers:
- Anna Kryń (Legaichain)
- Kris Kaczor (Spark/Phoenix Labs)
- Nikola Madjarevic (DragonSwap)
- Piotr Saczuk (Stablewatch)
Moderator: Paulina Jóśków (ETHWarsaw)

🎥 Recorded at ETHWarsaw 2025

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