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MarketsCryptoStablecoins Could Reshape Short-Term Debt Markets, Fitch SaysTokens claiming 1-1 conversion to fiat currencies are growingScrutiny intensifying on how such stablecoins manage reservesTether is widely used to trade Bitcoin and other tokens.Photographer: Tiffany Hagler-Geard/BloombergByEric Lam+FollowOctober 19, 2021, 6:57 AM UTCFromFollow @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.
