Express

Minsheng Securities: Stablecoins Cannot Save USD Credit in the Short Term

Summary: Minsheng Securities released a research report stating that stablecoins cannot save USD credit in the short term. The problem with the USD lies in identifying counterparties, without considering preferences of the US domestic and private sectors. Relying solely on official reserves overseas may leave the USD vulnerable. The difference between stablecoins and gold is that ...

Minsheng Securities released a research report stating that stablecoins cannot save USD credit in the short term. The problem with the USD lies in identifying counterparties, without considering preferences of the US domestic and private sectors. Relying solely on official reserves overseas may leave the USD vulnerable. The difference between stablecoins and gold is that their supply may also spiral out of control, lacking objective constraints, and they are not globally recognized as reliable reserve assets. (Financial News)

Last Update:

Tags:
Link: Minsheng Securities: Stablecoins Cannot Save USD Credit in the Short Term [Copy]

Last: Lakala Announces Focus on Stablecoin Issuance Opportunities

Next: UK listed company Panther Metals buys 1 BTC, aims to hold BTC worth £4 million in the short term

Trump's "Big and Beautiful" Bill Passes: Biden and Harris Criticize, Financial Expert O... 5 days ago

Silicon Valley Giants, Trump Ally Launch 'Crypto Bank' Erebor, Aiming to Fill SVB Void 7 days ago

From Data Rights to Digital Property: Whistleblower Brittany Kaiser on Blockchain, RWA,... 12 days ago

The Base Chain's Ascent: How Deep Coinbase Integration and JPMorgan's Pilot Are Reshapi... 19 days ago

Tether in Trouble? U.S. Senate Just Passed a Law That Could Dethrone the $155B Stableco... 21 days ago