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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The Growth of Stable Coins Could Be Very Strong and Robust
The growth of stable coins, you believe, could be very strong and robust and exceed that. So the concern is, again, ereging to silo treasuriesand restrict their ability o be used as collateral for other transactions taking place out there. Even if you have a lot of det outside, ithe, reuse is con train. Partly because, eh, you ring fences. You don't want these ring fenceer stable coin collateral to be reused. And number two, dealer intermediation capacity is getting te strain. Given the bazle tecostrains, there's no more exemptions for reserves or treasuring.
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