Macro Musings with David Beckworth · Monday, September 14, 2026
Nellie Liang explained that her paper on stablecoins was written for an Aspen Economic Strategy Group conference focusing on the dollar, deficit, private debt, and digital assets. The paper aims to provide background on the potential role of stablecoins as private money, their impact on treasury financing, and the broader role of the dollar.
“Yes, this paper was a paper written for the most recent Aspen Economic Strategy Group conference. There was a discussion of the dollar, the deficit, private debt, digital assets and its role.”
“So this was a paper to provide some background on potential role of stable coins as a payment instrument as private money, how it could affect treasury financing and the role of the dollar.”