Stablecoins will become increasingly regulated, only allowed to hold nominally risk-free assets, if they want to connect to regulated, legal institutions. This includes cash and Treasuries. As such, stablecoins are a way to monetize Treasuries.

Nic Carter @nic__carter · Jan 2, 2022

Thought provoking thread. NB: stablecoins hit $150b this week. Equivalent to 2.3% of USD monetary base.

Tweet Dec 28, 2021

by Lyn Alden

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