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Treasury Secretary Bessent: In the coming years, stablecoins will drive $2 trillion in government debt demand
Recently, U.S. Treasury Secretary Scott Bessent stated at a hearing that the growth of stablecoins in the coming years could create $2 trillion in government debt demand, further solidifying the dollar's critical position in the digital asset industry.
At the House Financial Services Committee hearing, Bessent emphasized the financial relevance of digital assets to the overall economy. He noted that the U.S. must take a leadership role in establishing global cryptocurrency standards to guide industry innovation and allow the country to benefit from it. He also pointed out that the integration of stablecoins and blockchain-based financial products with the U.S. Treasury market is a vivid example of how national economic interests can be supported.
Currently, stablecoin issuers are holding a significant amount of U.S. Treasury securities. For instance, as of the end of March, the largest stablecoin issuer, Tether (USDT), had nearly $120 billion in short-term government bonds in its reserves. The issuing company of USDC, Circle, also reported that it holds more than $22 billion in Treasury securities.
Therefore, as the circulation and global demand for stablecoins increase, this emerging demand could bring new resilience and liquidity to the Treasury market, especially amid concerns about foreign demand for U.S. debt.
This is not coincidental; Congress is also considering some new legislation aimed at better regulating the issuance of stablecoins. These proposals require stablecoin issuers to fully back their tokens with high-quality liquid assets, such as short-term government bonds. However, due to bipartisan disagreements, the progress of these bills may be hindered, and some lawmakers have even withdrawn their support for the legislation, citing the need to strengthen investor protection measures.
If these bills can pass smoothly, they could incorporate fiscal investments in the stablecoin space into a more systematic framework, further enhancing trust in stablecoins, while also solidifying the dollar in the digital market.
What are your thoughts on this trend? Do you really believe that the growth of stablecoins will drive demand for government bonds? Leave your opinions and views in the comments section!
#稳定币 #国债 #数字资产
Recently, U.S. Treasury Secretary Scott Bessent stated at a hearing that the growth of stablecoins in the coming years could create $2 trillion in government debt demand, further solidifying the dollar's critical position in the digital asset industry.
At the House Financial Services Committee hearing, Bessent emphasized the financial relevance of digital assets to the overall economy. He noted that the U.S. must take a leadership role in establishing global cryptocurrency standards to guide industry innovation and allow the country to benefit from it. He also pointed out that the integration of stablecoins and blockchain-based financial products with the U.S. Treasury market is a vivid example of how national economic interests can be supported.
Currently, stablecoin issuers are holding a significant amount of U.S. Treasury securities. For instance, as of the end of March, the largest stablecoin issuer, Tether (USDT), had nearly $120 billion in short-term government bonds in its reserves. The issuing company of USDC, Circle, also reported that it holds more than $22 billion in Treasury securities.
Therefore, as the circulation and global demand for stablecoins increase, this emerging demand could bring new resilience and liquidity to the Treasury market, especially amid concerns about foreign demand for U.S. debt.
This is not coincidental; Congress is also considering some new legislation aimed at better regulating the issuance of stablecoins. These proposals require stablecoin issuers to fully back their tokens with high-quality liquid assets, such as short-term government bonds. However, due to bipartisan disagreements, the progress of these bills may be hindered, and some lawmakers have even withdrawn their support for the legislation, citing the need to strengthen investor protection measures.
If these bills can pass smoothly, they could incorporate fiscal investments in the stablecoin space into a more systematic framework, further enhancing trust in stablecoins, while also solidifying the dollar in the digital market.
What are your thoughts on this trend? Do you really believe that the growth of stablecoins will drive demand for government bonds? Leave your opinions and views in the comments section!
#稳定币 #国债 #数字资产
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Two industries are about to reach a turning point
#A股 #制造业指数 #巴黎奥运会 #国债 #时事点评
<c-21/>$BNB $BTC $ETH
Today, the transaction volume of A-shares is less than 500 billion. A few days ago, Nvidia's daily transaction volume was 80 billion US dollars when it was at a high point. By comparing them, we can find that the biggest gap between the Chinese and American stock markets lies in liquidity, and the biggest problem of A-shares now is also the depletion of liquidity.
With foreign capital fleeing, institutions selling, public funds redeeming, private funds liquidating, and investors selling at a loss, it is difficult to calculate how much money has been lost from A-shares in the past two years. In any case, it is difficult to change the trend of the broader market by relying solely on the national team's intermittent share purchases.
<c-21/>$BNB $BTC $ETH
Today, the transaction volume of A-shares is less than 500 billion. A few days ago, Nvidia's daily transaction volume was 80 billion US dollars when it was at a high point. By comparing them, we can find that the biggest gap between the Chinese and American stock markets lies in liquidity, and the biggest problem of A-shares now is also the depletion of liquidity.
With foreign capital fleeing, institutions selling, public funds redeeming, private funds liquidating, and investors selling at a loss, it is difficult to calculate how much money has been lost from A-shares in the past two years. In any case, it is difficult to change the trend of the broader market by relying solely on the national team's intermittent share purchases.
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The official announcement of ultra-long-term government bonds has been made, with a maximum term of 50 years.
You should know that in the past 50 years, the world's best performing legal currency is the US dollar, which has also depreciated by 95% in terms of purchasing power, and most other currencies have depreciated by more than 99%.
The biggest difference between our Greater China version of QE and the US version of QE is that there is no parliamentary quarrel and no government shutdown.
It all depends on the self-consciousness of the top leaders.
This Pandora's box has officially opened~
Great good news $BTC
#国债 #btc走勢
You should know that in the past 50 years, the world's best performing legal currency is the US dollar, which has also depreciated by 95% in terms of purchasing power, and most other currencies have depreciated by more than 99%.
The biggest difference between our Greater China version of QE and the US version of QE is that there is no parliamentary quarrel and no government shutdown.
It all depends on the self-consciousness of the top leaders.
This Pandora's box has officially opened~
Great good news $BTC
#国债 #btc走勢
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According to data, the value of tokenized U.S. Treasury bonds has soared to $4.07 billion, expanding by $1.57 billion over the past 103 days. Hashnote Short-Term Yield Coin (USYC) has the largest market capitalization, which has surged by $461.2 million from November 26 last year to date, rising from $495.07 million to $956.27 million. #加密市场观察 #CZ分享KOL时间代币化构想 #MtGox钱包动态 #国债 #USYC $BTC $ETH $SOL
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The leader was picking up food, and someone deliberately turned the table
Today, the two markets traded 477.45 billion yuan, an increase of 200 million yuan compared to yesterday, with a median of -0.77%. The northbound foreign capital channel had a net sale of 7.166 billion yuan in a single day. As a result, the cumulative net outflow in 2024 has reached more than 10 billion yuan. This is a situation that has not been encountered in the 9 years since the opening of the Shanghai-Hong Kong Stock Connect. Foreign capital has changed from the main net long position in previous years to a net short position, which is a loss of 200-300 billion yuan in a year.
There are more than 1.7 trillion yuan of foreign capital in the northbound channel. The authorities should find ways to stabilize their confidence. If these 1.7 trillion yuan also seek to exit one after another, the selling pressure on A-shares will be very heavy. This is the metaphysics of A-shares. Foreigners bought 2 trillion yuan and did not move forward. Foreigners sold 200 billion yuan and there was chaos. You can think about the reason yourself.
There are more than 1.7 trillion yuan of foreign capital in the northbound channel. The authorities should find ways to stabilize their confidence. If these 1.7 trillion yuan also seek to exit one after another, the selling pressure on A-shares will be very heavy. This is the metaphysics of A-shares. Foreigners bought 2 trillion yuan and did not move forward. Foreigners sold 200 billion yuan and there was chaos. You can think about the reason yourself.
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The yield on 30-year UK government bonds soared to 5.6%, reaching a new high since 1998, raising concerns about financial market stability. Global rising yields are putting pressure on risk assets: the Nasdaq fell by 10%, and Bitcoin dropped by 8%. President Trump's proposed tariff plan has intensified trade tensions, increasing market unease. Investors may turn to gold and Bitcoin for asset diversification. The current situation is reminiscent of the 2022 UK pension crisis when rising yields triggered a wave of government bond sell-offs.
#比特币 #国债 #英国政策 #特朗普接受比特币和加密货币作为总统竞选捐赠渠道 #CoinPhoton
#比特币 #国债 #英国政策 #特朗普接受比特币和加密货币作为总统竞选捐赠渠道 #CoinPhoton
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Shocked! They are actually going to issue 50-year bonds! Half a century! What does this mean?
The domestic financial industry broke out explosive news. A 50-year bond is about to be issued. The principal will not be repaid for 50 years, and the interest will be paid every six months. The interest rate is not high. After such an operation, a large amount of funds will flow into the market in the future, and the economy will no longer be deflationary, but inflationary!
In order to pull the economy out of deflation, the country began to follow Japan's old path and began to buy treasury bonds at the end of April. This time the movement was too big! It is equivalent to printing RMB to directly purchase treasury bonds, and then the treasury bonds will be transferred. In this way, there is no need to sell land!
Because of inflation, money depreciates, the stock market will also be pulled up, the real estate will also be pulled up, and everyone will become richer, but the price is a little high!
Now everyone is looking forward to the scale of bond issuance to become bigger and stronger, and quickly boost the economy, so that everyone's pockets can be bulged! By the way, pull up housing prices and the stock market to 5,000 points.
Some people have already said that in this round of asset appreciation cycle, you must keep your eyes open. Those who invested in real estate in the past 20 years made a lot of money. This time, a big bull market has begun to lay the foundation!
But some people are pessimistic and say that if printing money can eliminate poverty, then Zimbabwe will be the richest country in the world!
So, which side are you on?
Anyway, I stand on the cryptocurrency circle.
#国债 #大盘走势 #热门话题
The domestic financial industry broke out explosive news. A 50-year bond is about to be issued. The principal will not be repaid for 50 years, and the interest will be paid every six months. The interest rate is not high. After such an operation, a large amount of funds will flow into the market in the future, and the economy will no longer be deflationary, but inflationary!
In order to pull the economy out of deflation, the country began to follow Japan's old path and began to buy treasury bonds at the end of April. This time the movement was too big! It is equivalent to printing RMB to directly purchase treasury bonds, and then the treasury bonds will be transferred. In this way, there is no need to sell land!
Because of inflation, money depreciates, the stock market will also be pulled up, the real estate will also be pulled up, and everyone will become richer, but the price is a little high!
Now everyone is looking forward to the scale of bond issuance to become bigger and stronger, and quickly boost the economy, so that everyone's pockets can be bulged! By the way, pull up housing prices and the stock market to 5,000 points.
Some people have already said that in this round of asset appreciation cycle, you must keep your eyes open. Those who invested in real estate in the past 20 years made a lot of money. This time, a big bull market has begun to lay the foundation!
But some people are pessimistic and say that if printing money can eliminate poverty, then Zimbabwe will be the richest country in the world!
So, which side are you on?
Anyway, I stand on the cryptocurrency circle.
#国债 #大盘走势 #热门话题
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Cryptocurrency evening summary
1. Israel launched air strikes on several areas in southern Lebanon, and the strike further escalated tensions, with many residents fleeing the affected areas
2. The US public debt has reached a record high of 35.7 trillion. Since September 27, the public debt has increased by 345 billion, or more than 100 billion per day.
From 2020 to now, the federal debt has soared by 12.5 trillion, while the US GDP has only increased by 7.1 trillion. In other words, the growth rate of the federal debt is almost twice that of the world's largest economy. Isn't it terrible?
And #国债 accounts for 123% of GDP. It may only be a matter of time before it exceeds 126% in 2020 (the highest record).
2. The US public debt has reached a record high of 35.7 trillion. Since September 27, the public debt has increased by 345 billion, or more than 100 billion per day.
From 2020 to now, the federal debt has soared by 12.5 trillion, while the US GDP has only increased by 7.1 trillion. In other words, the growth rate of the federal debt is almost twice that of the world's largest economy. Isn't it terrible?
And #国债 accounts for 123% of GDP. It may only be a matter of time before it exceeds 126% in 2020 (the highest record).
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SOFR hits a new high again, reflecting the structural liquidity tension. Will the Federal Reserve choose to stabilize inflation or save the bond market?
On July 1, the Secured Overnight Financing Rate (SOFR) jumped to 5.4%, a record high.
It is an overnight reverse repo transaction between U.S. financial institutions (mainly banks), where the borrower sells its U.S. Treasury bonds to the lender and promises to repurchase these securities at a slightly higher price the next day (overnight). This slightly higher portion is equivalent to the interest on the Treasury bond as collateral, which is quite close to the risk-free interest rate in the market. Since its launch in 2018, SOFR has gradually replaced the traditional LIBOR (London Interbank Offered Rate) and become the most critical reference rate in the financial market.
It is an overnight reverse repo transaction between U.S. financial institutions (mainly banks), where the borrower sells its U.S. Treasury bonds to the lender and promises to repurchase these securities at a slightly higher price the next day (overnight). This slightly higher portion is equivalent to the interest on the Treasury bond as collateral, which is quite close to the risk-free interest rate in the market. Since its launch in 2018, SOFR has gradually replaced the traditional LIBOR (London Interbank Offered Rate) and become the most critical reference rate in the financial market.
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