Stablecoin Issuers Are The 19th Largest Holders Of US Treasuries
Issuers of USD denominated of stablecoins are now the 18th largest holders of US Treasuries.
In this video I discuss how this is only going to grow in a massive way. We see there are $2.3 trillion banknotes (and coins) in total. Keep in mind that people state that nobody uses cash anymore. If this is the case, we are going to see a huge growth in the numbers.
Here is the article mentioned in the video:
https://watcher.guru/news/stablecoin-issuers-are-18th-largest-us-treasury-holder-bernstein
▶️ 3Speak
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This is interesting. Stable coins issuers "stacking" Treasuries as many businesses are starting to stack Bitcoin, stables, and other crypto. May look like some kind of melding of the "dollar" and crypto stables and Bitcoin changeling much of our "money" landscape. !BBH !DOOK
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Okay, I was close, I had heard Tether was 13th at one point.
Wow! What an achievement!
This is great