Bank of England Executive: Stablecoins Could Strengthen Dollar Dominance and Demand for U.S. Treasuries
Source:
cointelegraph.com
Bank of England official Carolyn Wilkins stated that the development of stablecoins will reinforce the US dollar's dominance and increase demand for US Treasuries; currently, USDT and USDC hold nearly $150 billion in US Treasury securities, but she also warned of the market risks posed by large-scale redemptions.