“美国正孤注一掷，押注一种波动性是股票五倍的资产，以弥补其日益增长的国债需求缺口。” #稳定币 #UST #美元
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Peter Ryan
@_PeterRyan
11-29
Important to understand that crypto volatility, risks triggering a crypto fire sale, not to USD, but to stablecoins first and then exiting to fiat. At a certain threshold, stablecoins have to fire sell their reserves to keep up with withdrawals.
As stablecoins become the premier
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