Standard Chartered Prediction: Stablecoin Issuers Will Become the Second Largest Buyers of US Treasuries Within Three Years! Warning of Dramatic Changes in the Financial Landscape!
Stablecoins are quietly making a fortune, is Bitcoin being sidelined?
Starting in June, the daily trading volume of US dollar stablecoins surprisingly exceeded that of Bitcoin and Ethereum! This is truly astonishing, as these two giants have always been the most prominent in the crypto space.
Moreover, a prediction from Standard Chartered Bank makes me ponder: they believe that in the next three years, companies issuing stablecoins globally may become the second largest buyers of US Treasuries!
I contemplate that this indicates several things:
1. Stablecoins are genuinely thriving: The frequency with which people use stablecoins for trading or making payments may exceed expectations; trading volume is the hard truth. While Bitcoin and Ethereum have a great reputation, in terms of actual daily use, stablecoins seem to be quietly becoming a more 'useful' tool. The focus in the cryptocurrency field is subtly shifting from 'speculative hype' to 'infrastructure'.
2. Stablecoin issuers possess significant 'cash' capabilities: It’s important to note that the reserves used to support the value of stablecoins are largely invested in US Treasuries. The larger the trading volume, the more reserves are needed, and thus the amount of Treasuries purchased naturally increases. Will they really reach the position of the second largest buyer of US Treasuries in three years? It sounds exaggerated, but just think about how much capital and market influence that would require. This could fundamentally change the dynamics of the bond market and impact the status of traditional financial giants.
3. The financial world is truly on the verge of change: The US Treasury market, originally dominated by central banks and large funds, is about to see a wave of emerging players who started by issuing 'digital dollars'. This is definitely a significant change worth paying attention to. Will the future financial world see new and old forces dancing together, or will it be a complete upheaval? Will traditional institutions choose to resist or embrace?
Stablecoins are no longer the sidekicks to Bitcoin; they are becoming a crucial force reshaping the crypto world and even the entire financial system. The capital movements behind them are likely to trigger a massive transformation in the future economic landscape.
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