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no one’s talking about the REAL fragility of the dollar system 💥🧨 from balance sheets to blockchains, this article exposes the centralized
wait, so is the dollar really that fragile?? could blockchains like save us from a financial apocalypse 🧐
classic reflexivity at play: financial markets’ structural weaknesses surface during crises, highlighting centralized entities masquerading as decentralized; dominance in key markets amplifies frag
By Arjun Sethi, Co-CEO of Kraken
🔹The illusion of liquidity: Structural issues in financial markets are exposed during liquidity crises, revealing centralized networks posing as decentralized. Concentration in key markets like repo, Treasury, and foreign exchange affects global finance stability.
🔹The architecture of concentration: Dominance of a few players in markets like repo and bonds leads to fragility. Centralization in trading platforms and FX markets further exacerbates risks associated with limited nodes.
Fragility of the dollar system: from balance sheets to blockchains
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