Will the US Default on Its Debt? Circle Ditches Treasuries and Tether Buys BTC episode artwork

EPISODE · May 18, 2023 · 17 MIN

Will the US Default on Its Debt? Circle Ditches Treasuries and Tether Buys BTC

from The Breakdown · host Blockworks

Oh the irony. For most of the last few years, the US political establishment has been concerned about the risk that stablecoins might have for the mainstream financial system. This year, however, it's been the mainstream financial system wreaking havoc on stablecoins. On today's episode, NLW discusses Circle's move from longer-dated Treasuries to repo agreements, as well as Tether's new Bitcoin purchase plan.  Enjoying this content? SUBSCRIBE to the Podcast: https://pod.link/1438693620 Watch on YouTube: https://www.youtube.com/nathanielwhittemorecrypto Subscribeto the newsletter: https://breakdown.beehiiv.com/ Join the discussion: https://discord.gg/VrKRrfKCz8 Follow on Twitter: NLW: https://twitter.com/nlw Breakdown: https://twitter.com/BreakdownNLW

Oh the irony. For most of the last few years, the US political establishment has been concerned about the risk that stablecoins might have for the mainstream financial system. This year, however, it's been the mainstream financial system wreaking havoc on stablecoins. On today's episode, NLW discusses Circle's move from longer-dated Treasuries to repo agreements, as well as Tether's new Bitcoin purchase plan.  Enjoying this content? SUBSCRIBE to the Podcast: https://pod.link/1438693620 Watch on YouTube: https://www.youtube.com/nathanielwhittemorecrypto Subscribeto the newsletter: https://breakdown.beehiiv.com/ Join the discussion: https://discord.gg/VrKRrfKCz8 Follow on Twitter: NLW: https://twitter.com/nlw Breakdown: https://twitter.com/BreakdownNLW

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Will the US Default on Its Debt? Circle Ditches Treasuries and Tether Buys BTC

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Oh the irony. For most of the last few years, the US political establishment has been concerned about the risk that stablecoins might have for the mainstream financial system. This year, however, it's been the mainstream financial system wreaking...

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