Macro

IMF Paper Warns Dollar Stablecoins Can Trigger Currency Crisis - BeInCrypto

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DW NOTE

The IMF just discovered that pegging your local currency to a dollar-denominated instrument means importing U.S. monetary policy. Argentina, Lebanon, and Zimbabwe didn't need a working paper to learn this — they lived it with physical dollars. Now the Fund is concerned because the stablecoin version executes the same capital flight in milliseconds instead of suitcases.

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QUESTION: Marty, Bessent is plainly no trader. As you’ve pointed out, he’s spent far too long in the company of market manipulators. I remember your warning that rolling debt into shorter maturities only deepens future fragility. And as you put it, it’s Groundhog Day on repeat. So the question is: d

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IMF Paper Warns Dollar Stablecoins Can Trigger Currency Crisis - BeInCrypto

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10-Year Yield Hits Multi-Year High, Long Bond Tops 5.3 Percent, Oil Surges