The upcoming potential apocalypse of the US Treasury Markets (and thus stablecoins).

But we should be clear-eyed about what is coming. The United States is not going to absorb greatly increased monetary risk without exercising control over its domestic counterparties. What looks benign at ~$200 billion market size is going to look like a ticking time bomb at $2 trillion and, in the long term, we shouldn’t assume that stablecoin adoption will end there. With M2 (money supply) approaching $24 trillion, it is plausible that stablecoins could far exceed $2 trillion.

By @broganlawxyz