Stablecoins are structurally equivalent to money market funds—bankruptcy-remote vehicles that hold primarily Treasury securities and repo on government securities—but represented on blockchains, making them digital wrappers around traditional government money market instruments.
definitionpending
Speaker
Austin CampbellEvidence Quote
“stablecoins and the Genius Act are almost literally money market funds, right? If you look at the form factor, it's a bankruptcy remote vehicle inside of a specific legal form factor that can't use leverage, but can buy T-bills and do repo and reverse repo on government securities.”
Source
The Secret To Maintaining Dollar Dominance | Joseph Wang & Austin Campbell LIVE @ DAS— Forward GuidanceCreated: 8/11/2026, 8:05:39 AM
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