Stablecoins are becoming a central bank problem hiding in T-bill markets
BIS research puts private dollar tokens closer to sovereign funding markets than the payment-rail debate suggests.
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This year, only tech billionaires are making money: the AI boom drives a $845 billion surge in net worth, with Elon Musk alone accounting for nearly 40%.
According to the Bloomberg Billionaires Index, out of the world's 500 richest people, approximately 100 technology industry billionaires saw their combined wealth increase by $845 billion in the first nine months of this year, setting a historical record for the period. Meanwhile, billionaires from non-technology sectors saw their collective wealth shrink by $62 billion during the same timeframe. Elon Musk alone added $310 billion to his wealth in the first nine months, accounting for about 40% of the total increase in the index.
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