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Hagerty Predicts Stablecoins to Dominate U.S. Treasury Holdings by 2030
Hagerty Predicts Stablecoins to Dominate U.S. Treasury Holdings by 2030
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Senator Bill Hagerty forecasts stablecoins emerging as the primary holders of U.S. Treasuries within the decade, citing Citibank projections. The trend underscores stablecoin issuers’ growing clout in traditional finance.
Hagerty delineated stablecoins from speculative cryptocurrencies like Bitcoin, emphasizing their role as a payment mechanism. "This is not Bitcoin—it’s a digital framework for efficient transactions," he stated. Stablecoins’ value stability, backed by secure assets, contrasts sharply with volatile crypto markets.
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