Nostr Web Client

Putting it on the list. Thanks. In nostr:npub1s5yq6wadwrxde4lhfs56gn64hwzuhnfa6r9mj476r5s4hkunzgzqrs6q7z ‘s recent pod, Paolo says Tether only buys short term treasuries (3 months) due to duration risk and needing to liquidate Tether quickly. Wouldn’t the US need a buyer of longer term bonds to replace China and Japan?

gladstein 1y ago 💬 1

Yes - who’s gonna buy long dated debt?

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Discussion

tank 1y ago 💬 1

Exactly, this is my question with the bitcoin-dollar thesis. The petro-dollar created real demand for long dated debt. But how do the stablecoins provide any meaningful demand for US debt if all they do is roll profits from 3 month bond yields into bitcoin?

gladstein 1y ago

I mean. If anything I think the bitcoin dollar is temporary