>> I fail to see the problem... Financialisation problems. Rosengren seems to be worried, for example, that a liquidation of backing assets triggers something

>> I fail to see the problem... Financialisation problems. Rosengren seems to be worried, for example, that a liquidation of backing assets triggers something ugly. IE, USDT drops in value>> Reserves liquidated defending USDT price>> Assets in reserve plummet in price, perhaps triggering more stuff elsewhere. ..Meanwhile to that, crypto markets are disrupted. I think it makes sense for a financial regulator to start raising a brow. Also, how fast is USDT growing? At some scale does stablecone presents a different flavour of risk.