Scott Bessent bets on stablecoins to bolster demand for Treasuries

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jleyank · 1h ago

As Krugman and others have written, there’s a bit of a double whammy hitting the us right now: interest in their debt is weakening along with the currency. I can see them content with anything that makes imports more difficult, but higher interest rates on debt will sting. Unless, of course, it’s not honoured.

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Scott Bessent bets on stablecoins to bolster demand for Treasuries

Comments (1)