🚨 STABLECOINS COULD BE ENTERING A MASSIVE GROWTH PHASE
Bitwise CIO Matt Hougan says stablecoins are going “much, much higher,” and new research from the San Francisco Fed gives the sector another reason to pay attention.
Stablecoin issuers have increased their U.S. Treasury holdings by roughly $200B over the past five years, offsetting more than 40% of the decline in China’s Treasury holdings.
The Fed estimates that if the current trend continues, stablecoin issuers could hold around $400B in short-term Treasuries by 2030.
That means stablecoins aren’t just becoming a bigger part of crypto. They’re increasingly becoming a meaningful source of demand for U.S. government debt.
The stablecoin market may be much bigger than a crypto liquidity story.
#BTC Price Analysis# #Macro Insights# $USDC $BTC
Bitwise CIO Matt Hougan says stablecoins are going “much, much higher,” and new research from the San Francisco Fed gives the sector another reason to pay attention.
Stablecoin issuers have increased their U.S. Treasury holdings by roughly $200B over the past five years, offsetting more than 40% of the decline in China’s Treasury holdings.
The Fed estimates that if the current trend continues, stablecoin issuers could hold around $400B in short-term Treasuries by 2030.
That means stablecoins aren’t just becoming a bigger part of crypto. They’re increasingly becoming a meaningful source of demand for U.S. government debt.
The stablecoin market may be much bigger than a crypto liquidity story.
#BTC Price Analysis# #Macro Insights# $USDC $BTC
