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boringgtoday at 1:10 AM1 replyview on HN

Unless you are also trying to prop up the us government by buying treasuries (us based stable coins)


Replies

rchaudtoday at 2:23 AM

Most Treasuries are held by US banks, investment firms and municipalities. I'm pretty sure those firms hold a good chunk of global stablecoin volume, given the nonexistent regulation of crypto in the US relative to other countries.