The Rise of Stablecoins

? Stablecoins are a new part of future of finance, that fuse the frictionless transfer of crypto with the perceived stability of
fiat currency. Some impressive adoption rate (chart);

? The Genius Act could reinforce #dollar dominance by enabling a tokenized U.S. dollar-based ecosystem for international payments;

? Growing stablecoin market could spur buying of Treasury #bills, but the impact on yields will likely be limited. Tether and Circle hold only about 2% in bills of the Treasury's roughly $6 trillion bills outstanding. Furthermore bill issuance is set to keep surging.