MarketsCryptocurrenciesStablecoins Could Reshape Short-Term Debt Markets, Fitch SaysTokens claiming 1-1 conversion to fiat currencies are growingScrutiny intensifying on how such stablecoins manage reservesFacebookXLinkedInEmailLinkGiftExpandTether is widely used to trade Bitcoin and other tokens.Photographer: Tiffany Hagler-Geard/BloombergFacebookXLinkedInEmailLinkGiftGift this articleContact us:Provide news feedback or report an errorConfidential tip?Send a tip to our reportersSite feedback:Take our SurveyNew WindowFacebookXLinkedInEmailLinkGiftBy Eric Lam (News)October 19, 2021 at 6:57 AM UTCBookmarkSaveLock This article is for subscribers only.Follow @crypto Twitter for the latest news.The rapid growth of stablecoins like Tether is exerting an ever-greater impact on short-term securities markets such as commercial paper, according to Fitch Ratings.