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Fred Ehrsam
@fehrsam
Will stablecoins become the world's largest owners of US Treasuries? 💵 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
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@risk
@risk
Ignoring the first part, the issue I have with the second is that I don't think treasury notes held by China and Japan are decreasing by much at all. https://ticdata.treasury.gov/resource-center/data-chart-center/tic/Documents/slt_table5.html
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@risk
@risk
I think it's more generally unlikely that - unless both China and Japan decide to change their manufacture/export lead economic models, their holdings of U.S. treasuries will change significantly in the next decade.
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