you deposit $1 to Tether? they buy Treasuries.
circle? Same.
perpetual US debt demand.
Tether: $127B Treasuries. circle: $55B.
combined: 18th largest holder. bigger than Germany or South Korea.
Scott Bessent: stablecoins hit $3.7T by 2030
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China dumping Treasuries ( $756B left ).
Japan selling. foreign ownership: 34% → 25%
stablecoins? they MUST buy. by law
the real trick: sterilized reserves 🏦🔒