Stablecoins: The Silent Takeover? 😳
Apparently, Circle and Tether – names which sound suspiciously like secret societies – intend to acquire five point three billion dollars worth of Treasury bills weekly. To maintain reserves, you understand. A perfectly reasonable pursuit, of course. Though I suspect those bills might have a subtle aroma of digital desperation. This, they claim, could shave two to four basis points off yields. Two to four! A pittance, really. Yet, apparently, this minuscule shift is enough to unsettle the entire $6 trillion money market. Such fragility! 🏛️