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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 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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