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Will stablecoins become the world's largest owners of US Treasuries?
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It seems possible that crypto stablecoins become the largest holders of US Treasuries in the world. Putting up $1000 for the one layer deeper analysis to support or debunk that thesis.

@bountybot

Thesis:
- Stablecoins $150bn market cap
- Probably mostly held in Treasuries
- ~#16 on list of US Treasury holders today
- Largest holders today: Japan $1.1tn, China $770bn (and declining)
- Stablecoins will 10x in market cap in ~10 yrs
- This could make stablecoin issuers one of largest global holders of Treasuries

Items for the analysis:
- Confirming at whatever level of detail possible the amount of stablecoin reserves held in US Treasuries today
- Confirming the largest holders of Treasuries in world today and projected in 10 years
- Any other relevant thoughts or datapoints

To clarify: $1k for the best analysis. Expires in 2 weeks.

…all with the backdrop of foreign appetite for US Treasuries declining and a Treasury auction that almost failed last year. If true, not only are stablecoins spreading the dollar, they would be a critical “sink” for Treasuries.