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Anthony Carfang Managing Director at The Carfang Group

Crypto Stablecoins and Prime Money Market Funds. If it walks like a duck . . .

Twenty years ago, Prime Money Market Fund (PMMF) assets were equivalent to 11.9% of U.S. GDP. Today, following a decade of scapegoating and regulation, they are down to a miniscule 2.3%. Commercial paper, upon which companies rely for short term working capital and are a primary holding of PMMFs, has decreased by two thirds over the same period. T...

05 July 2021 /crypto /markets Trends in Financial Services