What happens in crypto may not stay in crypto this time around

Financial Times/Katie Martin/5-12-2022

graphic image of a melting bitcoin“’The rapid growth of stablecoin issuance could, in time, have implications for the functioning of short-term credit markets,’ Fitch’s analysts said, pointing to a ‘potential asset contagion risks linked to the liquidation of stablecoin reserve holdings.'”

USAGOLD note: This can’t be true, can it? A general financial contagion starting with crypto? Gotta love the not so cryptic reference to Las Vegas.

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