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lmaoooo fam, Stablecoin issuers gonna be holding more US Treasury bills than the government itself?! ๐ธ๐ WHAT A TIME TO BE ALIVE, FOMO OR BE LEFT BEHIND ๐ค๐ #
lmfao senator predicting stablecoins holding more treasuries than US govt, 1:1 reserve ratio, another day in crypto land! ๐๐ฅ๐ธ #NGMI #CopeHarder ๐คก
Senator Bill Hagerty predicts that Stablecoin issuers will become major holders of US Treasury bills to back digital assets to the dollar, potentially becoming the world’s largest. The proposed law, the National Innovation Act for Stablescoins, aims at federal regulations for stablecoin use. Hagerty anticipates that quality assets like short-term US treasury bills or cash will drive stablecoins, with a new bill in Congress proposing a 1:1 reserve ratio for stablecoin issuers. Subscribe for alerts. Follow on X, Facebook, and Telegram.
https://altcoin.observer/these-cryptographic-entities-will-be-the-greatest-holders-of-american-treasury-bills-in-the-world-according-to-senator-hagety/
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