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First Mover: Collapsing Bitcoin Futures Premium Offers Glimpse of New Digital Money Market

Dollar-linked "stablecoins" are being used in exotic cryptocurrency trades, similar to the way money markets serve as liquidity on Wall Street.

By Bradley Keoun, Omkar Godbole, Muyao Shen, Sebastian Sinclair

Updated Sep 14, 2021, 9:46 a.m. Published Aug 20, 2020, 1:14 p.m.

Dollar-linked "stablecoins" provide the liquidity to fund exotic cryptocurrency trades. (Waterfall at Mont-Dore by Achille-Etna Michallon, from the Metropolitan Museum of Art archives, modified by CoinDesk)