Stablecoin Market & US Treasury Holdings - Stablecoin issuers, including Circle and Tether, collectively rank as the 16th largest U S Treasury holder globally [1] - By 2030, stablecoin issuers are projected to hold $12 trillion (1200 billion) in Treasuries, potentially becoming the world's largest holder [1] US Crypto Leadership & Policy - The GENIUS Act aims to establish a clear framework for fully-backed stablecoins, using U S Treasuries as a foundation for reserves [1] - US leadership in crypto is expected to create steady demand for US debt and strengthen dollar dominance globally [2] - Progressive American crypto policy is leading the stablecoin era [2] Sei Network's Position - Sei Network is positioned to support the growth of the stablecoin era at scale [2] - Dollars move faster on Sei [2]

Market Trends - Municipal bonds are rallying along with US Treasuries [1] - Soft US jobs data spurred bets that the Federal Reserve will cut interest rates as early as next month [1]

Labor Market & Economic Outlook - US labor market shows warning signs with payrolls tumbling and unemployment rate rising, indicating a deceleration in job gains [1][2] - Concerns mount over a complicated mix for the Federal Reserve to deal with, leading to expectations of potential rate cuts in September and December [2][3] - Slowing services wages suggest a potential slowdown in consumption and the overall economy, justifying lower interest rates even without a formal recession [19] - The economy is structurally sound, but current policy may be suboptimal, with rates disproportionately hurting lower-income households as housing and labor markets slow [9][10] Interest Rate & Monetary Policy - Fed rate cut bets for September have reached nearly 90%, a significant increase from 45% prior to jobs data, with two rate cuts priced in for the year [6] - The Cleveland Fed President acknowledges a tricky time for monetary policy makers due to conflicting mandates, requiring careful data analysis and business conversations [7][8] - The market anticipates bull steepening as the economy slows and the Fed cuts rates, potentially spurring inflation or growth, leading to a V-shaped recovery [12] - Neutral rate is difficult to determine, potentially higher than expected due to shifts in household and business debt structures, allowing for higher interest rates with a robust economy [17][18] Bond Market & Credit Issuance - US high-grade weekly volume reached $12 million, driven by foreign bank sales, while July volume was $81 billion, the lightest month for supply this year [29] - US high-yield July volumes exceeded $35 billion, marking the second busiest month since September 2021 and the busiest since at least 2006 [30] - Leveraged loan launches in July set a record, reaching over $222 billion, the fourth time in 14 months an all-time record has been broken [30] - Private sector holds $225 trillion in cash, exceeding marketable Treasury debt, with only $29 trillion in high-quality bonds, creating a transcendent influence on the market [26][27]

Stablecoin Market & US Treasury Holdings - Stablecoin issuers, including Circle and Tether, collectively rank as the 16th largest U S Treasury holder globally [1] - By 2030, stablecoin issuers are projected to hold $12 trillion (1200 billion) in Treasuries, potentially becoming the world's largest holder [1] US Crypto Leadership & Digital Finance - US leadership in crypto strengthens the dollar's global dominance and positions America as the backbone of digital finance [2] - Progressive American crypto policy leads the stablecoin era [2] Regulatory Framework - The GENIUS Act establishes a clear framework for fully-backed stablecoins, using U S Treasuries as a foundation for reserves [1] Infrastructure & Scalability - Sei is positioned to support the growth of the stablecoin era at scale [2]

RT Cointelegraph (@Cointelegraph)📊 BIG: Tether holds $127B in US Treasuries, surpassing South Korea.Will it flip Saudi Arabia soon? https://t.co/YFVZ9XnCJR ...

📊 BIG: Tether holds $127B in US Treasuries, surpassing South Korea.Will it flip Saudi Arabia soon? https://t.co/YFVZ9XnCJR ...

Investors in US Treasuries will scour employment data Friday for clearer evidence of a hiring slowdown that could open the door to the Fed cutting interest rates in September https://t.co/4jMhlg79Dv ...

Financial Performance - Tether 在第二季度净利润达到 49 亿美元[1] Investment & Holdings - Tether 成为美国国债的最大持有者之一，持有 1270 亿美元的美国国债[1]

Market Trend & Government Influence - The government, through institutions like Wall Street, may drive up Bitcoin's price [1] - This strategy could increase the demand for Stable Coins, which are backed by US Treasuries, thus increasing US debt [1] Bitcoin & Stablecoin Dynamics - Jack Mallers suggests the government is using institutions to manipulate Bitcoin [1] - The rise in Bitcoin price will require equal amounts of Stable Coin [1]

Strategy's new variable rate preferred $STRC has a 9% initial yield, and is targeting money market funds.A $7.05 trillion market, about 25% of all US Treasuries, yielding just ~4.25%.Bitcoin is about to swallow the fixed income market. https://t.co/oulrRugBYVDylan LeClair (@DylanLeClair_):Money market funds is a big market… ...