Weekly Roundup 09/30/22 (CFTC comes after Ooki/bZX, the Fed abandons CFTC ambitions, the convenience yield of stables) (EP.355)
On The Brink with Castle Island
Stable Coins - A Killer App
I would think that this would further unleash stable coins as a just a killer app here. The USDC has an insatiable appetite to buy treasuries right now. And in a high inflation ratio, I don't know why anybody would be wanting to buy US treasuries. Yes, so Japan defending the yen by selling treasuries,. And the UK now also forced to print to potentially keep yields down. Certainly could happen here.
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