Issuers of USD denominated of stablecoins are now the 18th largest holders of US Treasuries.
In this video I discuss how this is only going to grow in a massive way. We see there are $2.3 trillion banknotes (and coins) in total. Keep in mind that people state that nobody uses cash anymore. If this is the case, we are going to see a huge growth in the numbers.
Here is the article mentioned in the video:
https://watcher.guru/news/stablecoin-issuers-are-18th-largest-us-treasury-holder-bernstein
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