With a supply around $320 billion, stablecoins are approaching the size of the largest government money market funds by mirroring their…
With a supply around $320 billion, stablecoins are approaching the size of the largest government money market funds by mirroring their structure: pegging assets to $1 and backing them with low-risk reserves like T-bills and repos — link
The excerpt is quoted from a public Telegram channel, which owns its text.