Bitwise CIO says stablecoin market will grow much higher
- —Bitwise CIO Matt Hougan expects the stablecoin market to grow substantially
- —San Francisco Fed: stablecoin demand for Treasuries partly offsets China's shrinking holdings
- —Hougan cited that analysis as a case for further sector growth
Why it matters: Growing stablecoin demand for US Treasuries could support the bond market and reinforce stablecoins' role in global payments.
Source: Bloomingbit