Arthur Hayes: Stablecoins Could Unlock $6.8 Trillion for US Treasuries

Arthur Hayes, former CEO of BitMEX, suggests that the adoption of stablecoins by US banks could unleash $6.8 trillion in buying power for US Treasuries. Hayes describes this potential shift as "debt monetization dressed in Ethereum drag," indicating a significant impact on the financial system. He also recommends going long on Bitcoin, implying that the cryptocurrency could benefit from these developments.

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ETH +0.87%

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