They are turning into the strangest of bedfellows in the financial world: The famously safe securities issued by the US Treasury and the notoriously not-so-safe world of cryptocurrencies.
Issuers of crypto stablecoins meant to track the dollar one-for-one have become noticeable players in the Treasury market as they seek the safest and most-liquid assets to back the value of their tokens.
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Liz Capo McCormick
https://www.bloomberg.com/news/articles/2024-08-21/bond-market-pros-are-unimpressed-with-baby-whales-from-crypto
2024-08-21 13:00:13
