Thread
China dumping Treasuries ( $756B left ).
Japan selling. foreign ownership: 34% β 25%
stablecoins? they MUST buy. by law
the real trick: sterilized reserves π¦π
Replies (1)
US banks park $3.2T excess reserves at the Fed. frozen since 2008. earning 0.5%. dead money
GENIUS Act: banks use these as stablecoin backing.
take $1B reserves β back $1B stablecoins β now it's circulating.
NOT new money. activated money π°π