Debt / Economy / Technology

Stablecoin Issuers as a Growing Class of Treasury Buyers: Implications and Risks

Executive Summary  With the passage of the GENIUS Act, which sets a framework for future stablecoin legislation, the growing stablecoin market raises concerns over its impact on U.S. Treasury yields.  Studies show that increased demand from stablecoin issuers for short-dated Treasury bills may have a similar influence on yields as a rate cut from the … Continue reading →