Stablecoins Set to Hold Billions in U.S. Debt: Prediction Sparks Debate

A prediction by Senator Bill Hagerty suggests that stablecoin issuers could soon become the largest holders of US Treasury bonds, highlighting the growing integration of cryptocurrencies into traditional finance. The potential shift comes as stablecoins hold a significant portion of their reserves in short-term U.S. government debt, suggesting they may soon surpass traditional foreign governments and institutions in holding this debt.