Stablecoins are boosting demand for U.S. Treasury notes

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Among all cryptocurrencies, stablecoins have always faced the most scrutiny from financial regulators. However, they also have supporters who speak about their benefits to the financial world. Recently, the CEO of Cantor Fitzgerald, the custodian of stablecoin Tether, discussed the potential benefits of stablecoins and the future of asset tokenization in the U.S. economy. Dow closes 400 points lower on surprising inflation data CC Share Subtitles Off English English view video Dow closes 400 points lower on surprising inflation data During the Chainalysis conference in New York, Cantor Fitzgerald’s CEO, Howard Lutnick stressed how the dollar’s hegemony is crucial to...