Paolo Ardoino: Stablecoins Expose Bank Deposit Risks
Paolo Ardoino flags stablecoins' 100% treasury reserves versus tokenized deposits' 10% backing as BIS raises systemic stability alarms.
SourceAnalysis
Paolo Ardoino contrasts stablecoins fully reserved by liquid assets such as treasuries with tokenized bank deposits that rely on fractional 10% liquid backing, highlighting BIS warnings that the shift toward safer assets could pressure the broader financial system during this stablecoin regulation debate and crypto market stability test amid rising Bitcoin and BTC interest.
Paolo Ardoino
@paoloardoinoPaolo Ardoino is the CEO of Tether (issuer of USDT), CTO of Bitfinex,
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