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All those trilions and trilions of dollars of stablecoins sure are bringing down the us' cost to borrow.
by NoahZuniga 1y ago
All those trilions and trilions of dollars of stablecoins sure are bringing down the us' cost to borrow.
- JumpCrisscross 1y ago> those trilions and trilions of dollars of stablecoins sure are bringing down the us' cost to borrow If you think trillions of dollars in de novo price-insensitive demand doesn’t move a market, even one as deep as the Treasury market, I’ve got a stablecoin to sell you.
- NoahZuniga 1y agoYes, trillions of dollars of new price-insensitive demand would move the treasury market. That's why I named that number! But, there just isn't that much value in stablecoins.