As chronic importers of stability, stablecoins leave the financial system vulnerable to the 'sudden stop'
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Yes, it creates safe assets, but also...
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Preparing for a future "dash for cash"
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Scott and I covered a lot of ground on Fed emergency authorities and interventions
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Are so many stablecoins still needed?
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Market-based finance changes the crisis fighting game
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Credit market interventions aren't just for dovish times
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Also: There's no "flight to safety" on Planet Crypto, even with the safest stablecoins
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Without Warning