Asia Morning Briefing: Are Stablecoins an 'Engine of Global Dollar Demand' or a 2008-Style 'Liquidity Crunch'?

Asia Morning Briefing: Are Stablecoins an ‘Engine of Global Dollar Demand’ or a 2008-Style ‘Liquidity Crunch’?


Good Morning, Asia. Here’s what’s making news in the markets:

Welcome to Asia Morning Briefing, a daily summary of top stories during U.S. hours and an overview of market moves and analysis. For a detailed overview of U.S. markets, see CoinDesk’s Crypto Daybook Americas.

While traders fixated on Jerome Powell’s latest rate signals, the more consequential story may be playing out in stablecoins.

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