Wow, stablecoins in MM funds? Here is how this gonna end: yield curve steepens more, MM investors panic and run, stablecoins depeg or default because of their assets-liabilities duration mismatch.
The Fiscal Engine Is Failing And Bitcoin Is The Spark
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https://www.youtube.com/live/qRcWRXHrg-0?si=M7CSpa4ACWWkkr60
Wow, stablecoins in MM funds? Here is how this gonna end: yield curve steepens more, MM investors panic and run, stablecoins depeg or default because of their assets-liabilities duration mismatch.
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