Stablecoins are essential to the health of the federal balance sheet

T1Covered by 1 source · first reported by American Banker (headlines) at 23 Oct, 11:30 UTC

Stablecoin issuers back their dollar-pegged assets with short-dated U.S. Treasuries. As the industry expands, they are picking up the slack left by traditional buyers who have soured on U.S. government debt.

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Sources

• T1Stablecoins are essential to the health of the federal balance sheetAmerican Banker (headlines)23 Oct, 11:30