稳定币或成美债“新金主” 美财长预期2030年前市值突破3万亿美元

Group 1 - The stablecoin market is expected to grow to $3 trillion by the end of this decade, increasing tenfold from the current market cap of approximately $300 billion, which will drive new demand for U.S. Treasury bonds [1] - Stablecoins are cryptocurrencies pegged to fiat currencies like the U.S. dollar, and their growth will lead to increased purchases of short-term U.S. Treasury securities as reserve assets [1] - The growth of the stablecoin market is attributed to the recently enacted "Genius Act," which encourages the adoption and innovation of such cryptocurrencies [1] Group 2 - The money market fund sector, valued at approximately $7.5 trillion, is also a significant buyer of U.S. Treasury bonds, indicating a broader demand for government securities [1] - Regulatory reforms regarding bank capital requirements, particularly adjustments to risk weights for low-risk assets, may further incentivize institutions to increase their holdings of U.S. Treasuries [1] - The U.S. Treasury Department is evaluating whether these trends are structural or temporary and will adjust long-term bond issuance plans accordingly [1] Group 3 - On the same day, Circle announced that the circulation of its stablecoin USDC has doubled compared to last year, highlighting the growing trend in the stablecoin market [2] - Circle's CFO described stablecoins as a "super trend" in the financial world, reflecting the increasing significance of this asset class [2] - Despite the positive news regarding USDC, Circle's stock fell over 12% due to investor concerns about reduced yields from U.S. Treasury reserves following potential interest rate cuts by the Federal Reserve [2]