San Francisco Fed: Stablecoin Demand for U.S. Treasuries to Reach $400B by 2030
- —Stablecoin issuers are increasingly buying short-term U.S. Treasuries
- —San Francisco Fed forecasts $400B in Treasury holdings by 2030
- —Stablecoin demand offsets falling foreign central bank holdings
Why it matters: Growing stablecoin demand for Treasuries deepens crypto's link to U.S. government debt and reduces reliance on foreign central banks.
Source: Seeking Alpha Crypto