Former U.S. Treasury Secretary warns that the U.S. Treasury bond market may collapse or demand may collapse, and emergency plans need to be formulated in advance

According to Cointelegraph, former U.S. Treasury Secretary Henry Paulson warned that U.S. authorities should prepare short-term, targeted contingency plans in advance if demand for U.S. Treasury bonds may collapse in the future. He said that once a crisis occurs, the impact will be very severe. The U.S. Treasury bond market is regarded as the cornerstone of the global financial system, and if instability occurs, it may affect the pricing of assets such as corporate bonds, mortgages and stocks.<br /> The report pointed out that if the crisis triggers a weakening of confidence in the U.S. dollar, it may push funds to shift to alternative value storage assets such as Bitcoin and gold; however, Tether, which uses U.S. Treasury bonds as its main reserve asset, may also face redemption and unanchor risks.