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Alerting
@alerting
Arthur Hayes New Essay “Quid Pro Stablecoin” A discussion on how US banks adopting stablecoins can provide $6.8 trillion of buying power for The Scott Bessent’s bad treasuries. > Hayes questions Scott Bessent bullish on stablecoins, and why the Genius Act get bipartisan support > “I believe the reason why the BBC is so pumped up about all things “stablecoin” is that by issuing a stablecoin, TBTF (Too Big To Fail) banks will unlock up to $6.8 trillion of T-bill purchasing power.” > These inert deposits can be re-leveraged in the fiat system to pump markets👇
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