#stablecoin #ArthurHayes

🚨 Arthur Hayes: Stablecoins to Fund U.S. Debt & Boost Bitcoin! 🚀

Former BitMEX CEO Arthur Hayes predicts stablecoins will become a key liquidity channel for U.S. Treasury debt, potentially unlocking $6.8T in T-bill demand. 💰

🔑 Key Points:

• U.S. Treasury faces challenges selling $5T+ in bonds without spiking rates.

• Banks could shift deposits to tokenized dollars (e.g., JPMorgan’s JPMD on Coinbase’s Base), saving $20B annually.

• This could act as stealth QE, boosting liquidity and suppressing yields.

• Bitcoin and risk assets likely to benefit as real yields drop. 📈

Hayes sees stablecoins bridging banking, debt markets, and crypto, but warns of short-term liquidity risks if Treasury moves too fast post-debt ceiling hike. 👀