🚀Arthur Hayes: Stablecoins will fund U.S. debt and boost Bitcoin🚀
⏩Former BitMEX CEO Arthur Hayes warned that the U.S. Treasury’s growing reliance on debt markets may soon hit structural limits, with stablecoins emerging as a critical new liquidity channel🚀
🚀In a July 3 Substack post, Hayes said the U.S. Treasury will need new ways to sell trillions of dollars in bonds without causing interest rates to spike. He thinks stablecoins and Bitcoin btc0.19%Bitcoin could play a major role in this effort⏩.According to Hayes, Treasury Secretary Scott Bessent faces the problem of finding buyers for U.S. debt while keeping markets calm. Bessent has a near-impossible task of selling over $5 trillion in bonds this year to cover new deficits and refinance maturing debt, all while keeping the 10-year yield under 5%.🗾 The Federal Reserve, which used to buy bonds to keep rates low, is now trying to control inflation and cannot step in as easily. This leaves the Treasury to find other ways to support the bond market. This has pushed Bessent to look for alternative buyers, namely large U.S. banks and eventually the stablecoin sector.🚀👨❤️💋👨👨❤️💋👨👨❤️💋👨👨❤️💋👨👨❤️💋👨👨❤️💋👨👨❤️💋👨👨❤️💋👨👨❤️💋👨👨❤️💋👨👨❤️💋👨👨❤️💋👨👨❤️💋👨🥳👨❤️💋👨👨❤️💋👨👨❤️💋👨$BTC
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