US Promoting Stablecoins: Arthur Hayes Warns of Debt Risks
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最新报道：Arthur Hayes, co-founder of BitMEX, argues that the U.S. promotion of stablecoins is primarily a strategy to manage its $37.51 trillion national debt and maintain dollar dominance, rather than fostering innovation. He notes that stablecoin issuers like Tether and Circle back their tokens with U.S. Treasury bills, creating consistent demand for government debt. This approach helps offset declining foreign investment in Treasuries. Hayes estimates the stablecoin market could reach $34 trillion, expanding dollar influence in emerging markets where local currencies struggle with inflation. Recent adoption, such as Toyota and BYD accepting USDT payments in Bolivia, underscores stablecoins' growing role in global trade.
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