Manmohan Singh on the Role and Structure of Stablecoins and the Impact of Collateral in the Financial System
Macro Musings with David Beckworth
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Stable Coins - What Do You Think?
There's about a hundred and 80 million of the so called stable coins out there. If indeed you're at t zero, then you need something instantaneous. There is no real shortage of collatran but if you just look across the atlantic, your zone is still having bumb. The german bulns are in short uppie. In fact, if eurozone raises rates, it's unclear whether the german bunds will also follow - they go from minus 50 to zero. So colater shortages is acute. Nub two, the dealer intermediation capacity is also to by custine with all the bustles rerus,. et cetera.
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