A consistent critic of cryptocurrencies, economist Peter Schiff (Peter Schiff) published on X tweet, where he stated that the widespread use of stabilcoins could harm the US Treasury bonds and increase long -term loans.

Schiff explained that investors who transfer assets from traditional cash markets to stabelcoins are actually selling US treasury papers, which are then bought out by stablecoin issuers, such as Tether or Circle. At the same time, the issuers of stabilcoins hold interest on state securities at home – in contrast to monetary investment funds, which must distribute the income among depositors.

“Steabelcoins do not increase the demand for treasury papers – they only redistribute it, and investors lose the interest that the issuers take themselves,” explained Peter Schiff.

According to the economist, all this significantly reduces the investment attractiveness of stablecoins for business. In his opinion, the investment strategy of large issuers of stablecoins like Tether and Circle is limited to a speculative purchase of short -term treasury bills, which reduces the demand for long -term bonds.

Schiff drew attention to the fact that the capital invested in stabiblcoins is practically withdrawn from the turnover and becomes unavailable for lending to private business, which threatens the economic growth of the United States and increases the cost of borrowing for businessmen and households.

Previously, Peter Schiff said that the new bills adopted by the House of Representatives of the United States and promoted by President Donald Trump give cryptocurrencies to the visibility of legitimacy – while in fact all cryptocurrencies are a financial pyramid.