Great article. They make it easy to trade in and out of crypto without going through the friction of fiat accounts. As the U.S. loses buyers of its debt, and moves to more short-end issuance, stablecoins will become an important new source of demand. As long as the rate paid–per GENIUS–is 0%, this is a money trap for the stablecoin issuers.
Great article. They make it easy to trade in and out of crypto without going through the friction of fiat accounts. As the U.S. loses buyers of its debt, and moves to more short-end issuance, stablecoins will become an important new source of demand. As long as the rate paid–per GENIUS–is 0%, this is a money trap for the stablecoin issuers.
Thanks Neil. Getting back to you. You’re right. Stablecoins are quietly becoming the shadow demand engine for short-term Treasuries.
Thank you for subscribing. I think I saw one of your article addressing this. I’ll take a look
Great time to be alive. New world. New rules. New banks.
Exciting times indeed. Glad you liked it Dennis.