Tag Archives: Stable Coin

Genius Act Stable Coins Are Unregulated Money Market Funds

“What’s to stop a stable coin issuer from taking dollars, issuing stable coins and stealing the money? The answer is nothing. We’ll find out the hard way when everyone wants their money back. The treasury market will seize up because too many stable coin sponsors will be selling treasuries to get cash to pay off claims and they’re not going to be able to do it”

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