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For one thing, stablecoin issuers hold more than $100B of US treasury bills, on the same level as some major countries. For better or worse, the old and new sys
by dbdr 6mo ago
For one thing, stablecoin issuers hold more than $100B of US treasury bills, on the same level as some major countries. For better or worse, the old and new systems are interconnected now.
https://www.brookings.edu/articles/the-rise-of-stablecoins-and-implications-for-treasury-markets/ https://www.brookings.edu/articles/the-rise-of-stablecoins-a...
- seanhunter 6mo ago$100B sounds like a lot of money to any sane human being, but for the T-Bill market it's really a drop in the ocean. Current T-Bill Market cap[1] is 29 Trillion give or take a little, so $100B is about 30bps of the total. Would nudge the market a little bit, but not that much. [1] Here's my source and they should of course know https://fred.stlouisfed.org/series/MVMTD027MNFRBDAL https://fred.stlouisfed.org/series/MVMTD027MNFRBDAL