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Stablecoin and US Budget Financing – Update & Scenarios.
Stablecoin and US Budget Financing – Update & Scenarios. On current trends, marginal stablecoin supply appears to be funding about 15% of U.S. Treasury bill issuance in 2026. If stablecoin market capitalisation rises from US$323bn to US$400bn this year, stablecoins would fu…
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The Stable Coin Plot?
Executive Summary: The Stable Coin Plot? Stablecoins are the privatisation of money. They have the potential to: • Disrupt traditional banking systems. They can suck deposits out of the banking system leaving significant funding gaps for banks and the “real” economy. …
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