挤出效应。 银行 > 稳定币 > UST 这默认意味着对经济的投资减少，政府可以借此疯狂举债。😩🤢
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Peter Ryan
@_PeterRyan
11-29
Some economic commentators suggest that stablecoin growth just shifts Treasury demand from one place to another with no "new" additive demand. BUT, is this true?
Banks use about 10% of their deposits buy US Treasuries. (Source: https://federalreserve.gov/releases/h8/current/default.htm…)
Stablecoins are
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