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Cryptocurrencies: 25239
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Cryptocurrencies: 25239
Markets: 99694
Market Cap: $3,174,681,173,301     
24h Vol: $125,347,783,008
Coin Edition 2023-01-13 08:56:00

Fall of Stablecoins Will Affect US Bond Markets: Warns Eswar Prasad

Fall of Stablecoins Will Affect US Bond Markets: Warns Eswar Prasad
During the Crypto Finance Conference, at St. Moritz, Switzerland, Eswar Prasad, Professor at Cornell University warned that the fall of the major stablecoins could severely impact the US bond markets. The assumption is rooted in the fact that the issuers of these cryptocurrencies would have to sell US Treasury to honor redemptions. Significantly, the three The post Fall of Stablecoins Will Affect US Bond Markets: Warns Eswar Prasad appeared first on Coin Edition .
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