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Cryptocurrencies: 30017
Markets: 116613
Market Cap: $2,648,362,391,287     
24h Vol: $93,587,867,202
Bitcoin.com 2023-01-16 10:30:23

Cornell Professor Warns of Disruption to US Bond Market From Potential Collapse of Major Stablecoin

Cornell Professor Warns of Disruption to US Bond Market From Potential Collapse of Major Stablecoin
A professor from Cornell University has warned about the potential effects a collapse of a major stablecoin could have on the U.S. bond market. Eswar Prasad said that if large stablecoins face a collapse, the number of Treasury bonds they would need to sell could disrupt the U.S. Treasuries market, affecting prices. Cornell Profesor Alerts
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