Hi Tom. Enjoyed the piece. Just only note that Teher's reserves are already onshore. They are at Cantor Fitzgerald in NYC. So some of the second order effects you list (eg inflation) would not apply. The key issue would be a balkanization of the Stablecoins market structure. Something that I surmise would happen regardless
Hi Tom. Enjoyed the piece. Just only note that Teher's reserves are already onshore. They are at Cantor Fitzgerald in NYC. So some of the second order effects you list (eg inflation) would not apply. The key issue would be a balkanization of the Stablecoins market structure. Something that I surmise would happen regardless