US to issue $1 trillion in short-term debt as stablecoins become buyers
- —T-bill issuance could reach $1 trillion, with their share of US debt at nearly 22% versus a recommended 15-20%
- —10-year Treasury yields topped 5%, a 19-year high
- —Interest payments on government debt will exceed $1 trillion for the fiscal year
- —If the stablecoin market grows to $2 trillion by 2028, demand for T-bills will rise by $800 billion to $1 trillion
Why it matters: Stablecoins are becoming a systemic buyer of US government debt, and their reserves depend directly on short-term rates and crypto inflows.
Source: Crypto Briefing