Stablecoins Boost Treasury Bill Demand, Reflect Dollar Dominance, Citi Says

Stablecoins Boost Treasury Bill Demand, Reflect Dollar Dominance, Citi Says


Stablecoins are playing an increasingly important role in both crypto markets and traditional finance, according to a Friday report by Wall Street giant Citigroup.

As stablecoin usage grows, so does their demand for short-term U.S. Treasuries, although substitution from money market funds may limit the net effect, the report said.

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Legislation under consideration in Congress could further entrench this trend by requiring reserves to be

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