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Stablecoin Bill Could Unleash Trillions in Treasury Demand—Wall Street Already Salivating
Stablecoin Bill Could Unleash Trillions in Treasury Demand—Wall Street Already Salivating
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David Sacks drops a bombshell: US lawmakers might accidentally do something useful. A proposed stablecoin bill could funnel trillions into Treasury bonds—finally giving the debt market the crypto-powered steroid shot it desperately needs.
Who knew? The same politicians who can’t balance a checkbook might create the ultimate dollar-demand machine. Stablecoin issuers would become the Fed’s new favorite customers—loading up on T-bills like BlackRock on autopilot.
Of course, this assumes DC doesn’t screw it up with ‘helpful’ regulations. Place your bets—will this be the rare case of government creating value, or just another opportunity for banks to skim fees?
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