【Cryptocurrency Stablecoins = Workers for US Treasury Bonds?】

I saw something interesting:

BlackRock plans to buy 10% of the IPO shares of Circle (the company behind USDC).

Don't forget, USDC is a well-known stablecoin in the cryptocurrency world.

And the big brother of stablecoins, USDT (Tether), is said to have 60% backed by US Treasury Bonds!

You read that right, **the most stable asset in the cryptocurrency world is quietly helping US Treasury Bonds 'stand up'**🤣

Thinking about it now, aren't stablecoins just:

"On-chain dollars," and also "on-chain purchases of US Treasury Bonds"?

If Circle successfully IPOs, won't US Treasury Bonds directly become relatives of the cryptocurrency world? 😂

Stablecoins: We are the crown of DeFi and also the creditors of TradFi 👑💵