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A comment on Two thought experiments to evaluate automated stablecoins. Parent comment

Re:Two thought experiments to evaluate automated stablecoins by stonemetal12 on Thursday May 26, 2022 @05:53PM (#31523787)
My guess is low risk debt. Most likely treasury bonds would be the majority of their holdings.
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Re:Two thought experiments to evaluate automated stablecoins by discodave on Thursday May 26, 2022 @11:13PM (#31525680)
Is there enough supply of treasury bonds and other low risk debt to do this?
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Re:Two thought experiments to evaluate automated stablecoins by pjc50 on Friday May 27, 2022 @03:57AM (#31527120)
There are $23T treasury bonds outstanding, which is more than enough to back the $6T "M0" US money supply.

(This is kind of an exceptional circumstance, though)

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