[suckitsam]

Quite possible. The closest I can find is [1] (via [0]), which upon re-reading suggests the cryptoverse, not the global economy, would blow up. Perhaps I'm conflating it with the general warnings of the era [2,3,4].

Though I swear I recall reading some ominous wording, pointed out by another commenter, that subtly suggested the decision to quietly settle vs. aggressively prosecute was based on billions of dollars of potential economic fallout. Other articles [2,3,4] talk about contagion risk, but none are exactly what I recall. Funny how memory works!

  [0] https://cryptobriefing.com/jp-morgan-issues-tether-warning-second-guesses-146000-btc-price-target/

  [1] https://www.tbstat.com/wp/uploads/2021/02/JPM_Bitcoin_Report.pdf

  [2] https://www.bloomberg.com/opinion/articles/2022-05-12/crypto-crash-contagion-could-go-beyond-bitcoin-ethereum-tether

  [3] https://decrypt.co/83276/imf-warns-stablecoins-could-pose-contagion-risk-global-financial-system

  [4] https://www.cnbc.com/2022/05/19/tether-claims-usdt-stablecoin-is-backed-by-non-us-bonds.html