Bitcoin

<ul>
 <li>Eswar Prasad warned that the fall of the major stablecoins could have a severe impact on the US bond markets.</li>
 <li>Prasad stated that the regulators are concerned about such a possibility as the issuers would have to sell US Treasury to honor redemption.</li>
 <li>The professor added that if there are huge redemptions, the liquidity market would be highly affected.</li>
</ul>
During the Crypto Finance Conference, at St. Moritz, Switzerland, Eswar Prasad, Professor at Cornell University<a href="https://www.cnbc.com/2023/01/13/a-stablecoin-collapse-could-spill-into-us-bond-market-academic.html" rel="noopener noreferrer nofollow"> </a>warned that the fall of the <a href="https://coinedition.com/what-is-a-stablecoin/" rel="noopener noreferrer nofollow">major stablecoins</a> could severely impact the US bond markets. The assumption is rooted in the fact that the issuers of these cryptocurrencies would have to sell US Treasury to honor redemptions.
<a href="https://coinedition.com/fall-of-stablecoins-will-affect-us-bond-markets-warns-eswar-prasad/" rel="noopener noreferrer nofollow">See the Original CoinEdition</a>

Fall of Stablecoins Will Affect US Bond Markets: Warns Eswar Prasad

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