WROrourke on Nostr: Stablecoins are tokenized US debt $USDT is the 16th-22nd (depending on source) ...
Stablecoins are tokenized US debt
$USDT is the 16th-22nd (depending on source) largest buyer of treasuries
As traditional buyers (nation states, banks, etc.) dry up, stablecoins represent a totally new class of buyer at auction
New demand for treasuries = more money printing
$USDT is the 16th-22nd (depending on source) largest buyer of treasuries
As traditional buyers (nation states, banks, etc.) dry up, stablecoins represent a totally new class of buyer at auction
New demand for treasuries = more money printing