Wu Blockchain (@WuBlockchain): After the U.S. passed the GENIUS Act, Wall Street is split on whether stablecoins will truly lift USD demand and T-bill buying. Strategists at JPMorga…
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After the U.S. passed the GENIUS Act, Wall Street is split on whether stablecoins will truly lift USD demand and T-bill buying. Strategists at JPMorgan, Deutsche Bank and Goldman Sachs say it’s too early to call a structural shift: the Act prohibits interest on stablecoins, limiting incentives to leave savings accounts and money funds; any T-bill demand may be holder rotation rather than new money. https://t.co/eOc1t02e6X