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 .