One industry that US regulators pay close attention to is the general expansion of the login password sales market. Last year, the size of the stable financial market increased to more than 200 billion US dollars. However, an expert and scholar warned that the important collapse of stable financial markets is likely to affect the US securities market.

Sablecoin is mostly digital currency associated with legal tender such as the US dollar. At present, some of the most popular stable coins in the market are Tether (USDT), US dollar coins (USDC) and Binance coins (BU.S.).

Sablecoins has always been the preferred choice for login password investors looking to buy and sell a different digital currency or convert it into legal tender. Eswar Prasad, an economics professor at the University of Pennsylvania (Cornell University), says he has communicated with regulators concerned about the impact of smooth debt on the traditional financial system.

Stable foreign exchange currency, US debt and the risk of the composition of the National Treasury

In order to understand why a smooth run will affect the sales market, let's take a closer look. At this stage, Tether, the USDT stablecoin publisher, holds more than 58 per cent of its international reserves, a staggering $39.7 billion. Similarly, USDC stablecoin issuer Circle has about $12.7 billion worth of U. S. government bonds in its reserves. Busd foreign investor Paxos, on the other hand, has $6 billion in U. S. bonds.

Today, everything that is likely to operate a smooth login password will cause the customer to redeem his encrypted assets as required by law. On the contrary, it will also cause foreign investors to sell the property of these people in foreign exchange holdings, which may cause them to sell a lot of US bonds. Prasad said in an interview with CNBC at a data encryption financial conference held in St. Moritz, Germany, Switzerland:

I think what regulators care about is that when it comes to stable protein... Lose self-confidence, and then you may have a wave of redemptions, which, on the contrary, will mean that a stable issuer must redeem his holdings of US Treasuries.

And even in highly liquid markets, many redemptions can cause unrest in existing financial markets. Take full account of the need for the US Treasury market for the wider financial system. I think the anxiety of regulators is only natural.

He mentioned that at this stage, the mentality of the securities market in the United States is already very sensitive. As a result, all such smooth runs are likely to have a multiplier effect and put a lot of pressure on the sale of US Treasuries.

Last year, the collapse of Terrausstablecoin caused a shock in the wider password industry. Last year, the Fed warned that "stabilization funds are still very vulnerable to runs, and many bonds and bank borrowing mutual funds are still vulnerable to redemption risks".