Stablecoins Are Secretly Propping Up Treasury Bills—And the Dollar’s Ego, Citi Reveals

Stablecoins aren’t just crypto’s safe haven—they’re becoming the Treasury market’s shadow booster. Citi’s latest analysis highlights how dollar-pegged tokens quietly fuel demand for U.S. debt, even as politicians rage about ’crypto threats.’

The irony?
The very asset crypto purists love to hate—the almighty dollar—is getting a backdoor lift from decentralized finance. Stablecoin issuers now hoard T-bills like Wall Street hedge funds, creating a bizarre symbiosis between TradFi and crypto.

Meanwhile in Washington…
Legislators still can’t decide if stablecoins are financial WMDs or just PayPal with extra steps. Either way, the market’s voting with its wallet—and the dollar’s still winning. For now.

Funny how ’disruptive’ crypto just keeps propping up the old system it swore to replace. Maybe decentralization was the friends we made (and the T-bills we bought) along the way.