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Alex 🌠🎆🎁
@9abc
Galaxy: Stablecoins, DeFi, and Credit Creation How DeFi and stablecoins will change the ways banks create money > Stablecoins could hit $1T in supply by 2030 and its been driven 3 key trends: - Stablecoins as a Savings Instrument - Stablecoins as a Payments Instrument - DeFi as a source of above-market yields > This will systematically drain deposits from traditional banks while concentrating assets in US Treasury securities & major US financial institutions > Stablecoin issuers will emerge as key players in government debt markets and potentially become new credit intermediaries, while regional banks face credit contraction👇
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