U.S. Treasury Liquidity Boost Fuels Risk Asset Growth Amidst Stablecoin Surge

Analysis by OKG Research reveals a significant decrease in the U.S. Treasury General Account (TGA) balance, dropping from $405.786 billion at the start of April 2025 to $309.989 billion. This reduction has injected an impressive $95.79 billion into the financial system, accelerating liquidity release by a staggering 3.18 times compared to March. This ‘invisible fiscal easing’ is providing short-term support for risk assets, according to market analysts.