At a recent money market conference in Boston, experts discussed how stablecoins could significantly increase demand for short-term U.S. Treasuries. Stablecoins are digital currencies tied to stable assets like the U.S. dollar, and their issuers need to hold large amounts of safe, liquid reserves, often buying U.S. Treasuries to do so.

Yie-Hsin Hung, CEO of State Street Global Advisors, said stablecoins are boosting demand for U.S. debt. Right now, about 80% of the $200 billion stablecoin market is invested in U.S. Treasury bills or similar assets. While this is less than 2% of the total U.S. debt market, stablecoins are growing fast and could soon take up a larger share of U.S. debt compared to its overall supply. #BTC110KToday? #BinanceAlphaAlert #BinanceTGEXNY