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6 sats \ 4 replies \ @denlillaapan 15 Apr \ parent \ on: Stablecoins as Statecraft - Nik Bhatia for BPI Politics_And_Law econ

oh... that there's a lot of USD-denominated debt on non-US bank balance sheets? (and then some off-balance sheet on top). It's just a graph showing how much there is/estimates... not sure what the confusing is?

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36 sats \ 3 replies \ @Undisciplined 15 Apr

The labels indicate that the red bit on top is the on-balance sheet debt

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49 sats \ 1 reply \ @Scoresby OP 15 Apr

I think what is confusing to me is the commentary of BPI's tweet:

They say the US backstops $12 - 15 trillion in off-book debt, but the chart shows on-balance sheet debt being ~$50 trillion while off balance sheet debt is $36 trillion.

According the chart, wouldn't it make sense to say the US backstops $36 trillion of off-book debt?

I think the tweet contents is just wrong, the chart is fine.

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6 sats \ 0 replies \ @Undisciplined 15 Apr

I agree that the tweet getting it mixed up is most likely

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6 sats \ 0 replies \ @denlillaapan 15 Apr

oh, I get it. yes, a little confusing

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