Washington just found a new buyer for its debt. It runs on crypto.
The stablecoin market is worth about $300 billion, and by law every $1 issued is backed by roughly 80 cents of Treasury bills. Treasury Secretary Bessent says it could grow toward $4 trillion. At that size, stablecoins would hold about a quarter of all T-bills outstanding by 2030. Here is the real game. As the … Read more