SLP291 Caitlin Long Stablecoins, Bitcoin & The Fed
Stephan Livera Podcast
00:00
The Implications of Stable Coins in the Money Market
If stable coins keep growing, they could compete with the money market. If banks can't get colateral to be the underlying then they're not going to b abe to make loans. Almost a trillion dollars migrated out of bank deposits and into reverse repos over a five basis point yeeld difference. And now we're talking about potentially the mainstreaming of dfi earning three to seven percent yealds. That's a 300 plus basis point yeesh difference.
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