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View More NewsCarolyn Wilkins, a member of the Bank of England’s Financial Policy Committee, says the rise of stablecoins could reinforce the US dollar’s global dominance and increase demand for US Treasurys, underscoring how the growing market for digital dollars could have consequences well beyond crypto.In a Tuesday speech at Queen’s University Belfast, Wilkins said dollar-denominated stablecoins could strengthen the greenback by making cross-border settlement easier, expanding access to dollar-linked assets outside the US and increasing demand for Treasurys held as reserves.The largest stablecoin issuers are already significant buyers of US government debt. Tether’s USDt (USDT) and Circle’s USDC (USDC) held nearly…
Readers: If you’re a lawyer, active or otherwise, or a law student, tell us a few things about yourself in the comments. If you are not a lawyer, please do the same but in the separate post for you right next to this one. The post Who Are You? (Lawyers, Active and Otherwise, and Law Students) appeared first on Reason Magazine. Read the full article here
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