đš STABLECOINS COULD BE ENTERING A MASSIVE GROWTH PHASE
Bitwise CIO Matt Hougan says stablecoins are going âmuch, much higher,â 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 Chinaâs 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 arenât just becoming a bigger part of crypto. Theyâre increasingly becoming a meaningful source of demand for U.S. government debt.
The stablecoin market may be much bigger than a crypto liquidity story.
$USDC
$USDT $HUMA
Bitwise CIO Matt Hougan says stablecoins are going âmuch, much higher,â 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 Chinaâs 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 arenât just becoming a bigger part of crypto. Theyâre increasingly becoming a meaningful source of demand for U.S. government debt.
The stablecoin market may be much bigger than a crypto liquidity story.
$USDC
$USDT $HUMA
