WROrourke on Nostr: Stablecoins are tokenized US debt $USDT is the 16th-22nd (depending on source) ...
Stablecoins are tokenized US debt
$USDT is the 16th-22nd (depending on source) largest buyer of treasuries
As traditional buyers (nation states, banks, etc.) dry up, stablecoins represent a totally new class of buyer at auction
New demand for treasuries = more money printing
Published at
2024-07-23 17:13:13 UTCEvent JSON
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"pubkey": "85a6caada5b2fbe16b7b849ce35e4748c33455ee17e6a8e11f4e0cac330e0b2c",
"created_at": 1721754793,
"kind": 1,
"tags": [],
"content": "Stablecoins are tokenized US debt\n\n$USDT is the 16th-22nd (depending on source) largest buyer of treasuries \n\nAs traditional buyers (nation states, banks, etc.) dry up, stablecoins represent a totally new class of buyer at auction\n\nNew demand for treasuries = more money printing",
"sig": "ad620176d3a4d97b0cde5482dc6dbf8c070ff05d721b10c130a8db3bf478aab7f2a26406eae7e352a8648cde1baf14eca9863e464d10d23a1d0f04c5c5888ae7"
}
