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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

Here's my submission:
https://docs.google.com/document/d/1xdnsVk-Q0h2Vrc_Ggaisqozr9vB1yMB8/edit?usp=sharing&ouid=101708739575855739206&rtpof=true&sd=true

Contributor at Blockcrunch. Writing Ceteris Paribus - musings at the intersection of crypto, econ, and policy.

https://michaellwy.substack.com/

Great submission - I debated including repo agreements in the calculations. Ultimately, I didn't cause it seems that this could lead to double counting  treasury securities i.e. lendee who owns treasuries + reverse repo purchaser count the same treasury asset on their balance sheet. What was your rationale?