
Stablecoins and US Treasuries: More Turbulence Than Lift?
Dominique Dwor-Frecaut
Summary Stablecoins (SCs) expansion is likely to accelerate with Congress’ adoption of the GENIUS Act, which will provide a much-needed regulatory framework. SCs are unlikely to reach a scale where they would displace traditional money as SCs are a niche means of payments and cannot pay interest. Medium term, traditional money is likely to be […]