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Stablecoins on Track to Overtake BlackRock as Top Treasury Buyers—Wall Street Left Scrambling
Stablecoins on Track to Overtake BlackRock as Top Treasury Buyers—Wall Street Left Scrambling
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Forget pension funds and sovereign wealth—algorithmic dollar-pegged tokens are quietly vacuuming up U.S. debt faster than Janet Yellen can print it. By 2030, Tether and friends may hold more Treasuries than entire G7 nations.
The irony? These ’unregulated crypto tokens’ now prop up the very system that vilifies them. Meanwhile, traditional finance still can’t tell a smart contract from a toaster manual.
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