Stablecoin Dominance Predicted: Senator Hagerty Highlights Their Role in US Treasury Markets

Senator Bill Hagerty recently made a significant prediction about the future of stablecoins. He stated that these digital assets, particularly Tether (USDT) and USD Coin (USDC), are set to become the largest holders of U.S. Treasury debt globally. This projection is rooted in the growing need for stablecoin issuers to hold reserves backed by high-quality, liquid assets. These assets typically include short-term U.S. government debt.