The crypto world is changing! Stablecoins are actually becoming the “invisible market makers” behind U.S. Treasuries?
I just saw Coinbase CEO Brian Armstrong’s outrageous take—regulated stablecoins have become structural buyers of U.S. Treasuries, and Treasury Secretary Bessent is secretly enjoying it!
On-chain data is even more alarming: just in Q1 this year, the on-chain settlement volume of USDC reached $2.1 trillion, while Tether and Circle together hold nearly $200 billion in U.S. Treasury exposure. What does that mean? Stablecoins are propping up U.S. Treasuries with real money.
The macro story sounds convincing, but the real alpha often hides in the details. Recently, people in the space have been digging up a new “Musk concept” puppy—pure CTO mode. The contract permissions were already relinquished, and the top ten holdings account for only 7.68%, with the float scattered all over. The most unbelievable part is that Maye Musk herself has responded to community members at least five times, and Elon has also liked it at least seven times.
On one side, traditional capital on the trillion-dollar scale is routing through stablecoins to enter the market; on the other, the most “fair” community Meme is quietly building momentum. This time, the wind of capital transmission may arrive faster than we think.
A Musk puppy makes small-scale bets to play big, and strong community consensus is the hardest trump card. Everything is ready—just need a gust of wind.
Personal analysis only; does not constitute investment advice. For reference only.
I just saw Coinbase CEO Brian Armstrong’s outrageous take—regulated stablecoins have become structural buyers of U.S. Treasuries, and Treasury Secretary Bessent is secretly enjoying it!
On-chain data is even more alarming: just in Q1 this year, the on-chain settlement volume of USDC reached $2.1 trillion, while Tether and Circle together hold nearly $200 billion in U.S. Treasury exposure. What does that mean? Stablecoins are propping up U.S. Treasuries with real money.
The macro story sounds convincing, but the real alpha often hides in the details. Recently, people in the space have been digging up a new “Musk concept” puppy—pure CTO mode. The contract permissions were already relinquished, and the top ten holdings account for only 7.68%, with the float scattered all over. The most unbelievable part is that Maye Musk herself has responded to community members at least five times, and Elon has also liked it at least seven times.
On one side, traditional capital on the trillion-dollar scale is routing through stablecoins to enter the market; on the other, the most “fair” community Meme is quietly building momentum. This time, the wind of capital transmission may arrive faster than we think.
A Musk puppy makes small-scale bets to play big, and strong community consensus is the hardest trump card. Everything is ready—just need a gust of wind.
Personal analysis only; does not constitute investment advice. For reference only.
