Comment by NoahZuniga
Comment by NoahZuniga 13 hours ago
All those trilions and trilions of dollars of stablecoins sure are bringing down the us' cost to borrow.
Comment by NoahZuniga 13 hours ago
All those trilions and trilions of dollars of stablecoins sure are bringing down the us' cost to borrow.
Yes, 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.
> 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.