Do Stablecoin Inflows Push Down Treasury Bill Yields?
A BIS working paper finds a 3.5 billion dollar stablecoin inflow lowers 3-month T-bill yields by 0.71 basis points at once and up to 4 within 10 days.
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A BIS working paper finds a 3.5 billion dollar stablecoin inflow lowers 3-month T-bill yields by 0.71 basis points at once and up to 4 within 10 days.