The fragile hopes of Stablecoin
Is Stablecoin the answer to the growing US debt burden? Is that what the Genius Act hoped to do?
NAB Morning Call · NAB - The Morning Call
Audio is streamed directly from the publisher (sphinx.acast.com) as published in their RSS feed. Play Podcasts does not host this file. Rights-holders can request removal through the copyright & takedown page.
Show Notes
Friday 5th September 2025
Please note this communication is not a research report and has not been prepared by NAB Research analysts. Read the full disclaimer here.
The US recently passed The Genius Act, which entrenches the role of Stablecoin in the US economy. Scott Bessent thinks the requirement for Stablecoin operators to back their issuance 1:1 with US currency safe assets, like government securities, will increase demand for US Treasuries and lower borrowing costs. Is it a genius plan or just wishful thinking? Phil puts that question to Simon French, managing director of Panmure Liberum, the UK’s largest independent investment bank. In a recent column in The Times Simon argued that the UK and other governments and central banks need to embrace the technology or risk even more finance concentrated on US currency and assets.
Hosted on Acast. See acast.com/privacy for more information.