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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

I think they can catch all nations other than Japan (1T), China (769b), and the UK (693b) within a year or two. Luxembourg is fourth at 345b and that's totally reachable. In terms of MMMFs, Fidelity is the largest at 1.3t and growing, followed by JPM (700b) and Vanguard (600b)