2025-12-30 23:23:22

Global central banks are reducing their holdings of US Treasuries, yet the crypto market has quietly become a major buyer of US debt at this critical juncture. This seemingly contradictory phenomenon actually reveals a huge investment window for us.

Having been involved in the crypto industry for nearly ten years, I have never felt more acutely that the fate of traditional finance and the blockchain world is now tightly intertwined.

Since Trump's return, US debt has surpassed the $40 trillion mark. More painfully, annual interest payments have long exceeded the defense budget. The debt crisis is approaching rapidly, but the role of cryptocurrencies is quietly changing—from marginal products to the main players in this grand scene.

**Stablecoins: The Silent Driver of the US Debt Market**

The most surprising data has just come in. The two leading stablecoins, USDT and USDC, currently hold US Treasuries worth over $100.7 billion and $40 billion respectively. Just these two account for about 3% of the short-term US debt maturing globally.

From another perspective, their US debt holdings are enough to rank within the top 20 among sovereign nations worldwide—19th place, surpassing traditional economies like Germany and Mexico.

What will happen in 2025? If an optimistic scenario comes true, the stablecoin market cap could reach $400 billion. This means the demand for new US debt could break through $100 billion, and stablecoins might even leap into the top ten holders of US Treasuries globally.

**Why are stablecoins so crucial?**

The core reason is that stablecoins create direct demand for US Treasuries. This is completely different from Bitcoin’s indirect, abstract hedging. Amidst the flight of overseas central banks, stablecoins use real capital flows to the US debt market, filling the demand gap. This not only supports the stability of the US debt market but also continuously injects liquidity into the crypto asset ecosystem.

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SerumSquirter

· 9h ago

The idea of stablecoins taking over US debt sounds great, but the real game has just begun. USDT and USDC have truly become saviors in the US debt market; luckily for them... otherwise, central banks would have run away, and who would clean up the mess? Speaking of which, can the 400 billion stablecoin scale hold up? It feels a bit flimsy. Central banks are selling off US debt, while we in crypto are spending hundreds of billions—this feeling... seems a bit off. I never thought there would be a day when USDT has more influence than some countries. The times really have changed.

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probably_nothing_anon

· 9h ago

Damn, stablecoins are now almost the largest holders of US debt? This logical reversal is too wild, who would have thought that the central bank is selling while we're buying in haha I didn't expect this to actually reverse the value of crypto, interesting After playing crypto for so long, it's all about this—when everyone else is fleeing, we can still see the situation clearly and quietly accumulate chips Wait, does this mean the more stablecoins there are, the more stable US debt is? Then should we stock up more on USDT... No, something seems off with this logic If this wave really follows a market cap of 400 billion, the list of the top ten US debt holders will have to be rewritten, that’s mind-blowing The central bank reduces holdings and we take over, this role reversal is either ironic or clever... but it feels quite risky too Damn, finally someone explained this logic clearly. Bitcoin really isn’t direct enough; stablecoins are the real tactical move

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SatoshiLeftOnRead

· 9h ago

Wait, are stablecoins now the main buyers of US debt? The shift in trend is happening pretty fast. But on the other hand, central banks fleeing to crypto to step in sounds like a plot twist... If stablecoins fill the $100 billion US debt gap and become among the top ten holders, traditional finance will be in a lot of trouble.

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GateUser-a606bf0c

· 9h ago

Wait, are stablecoins now the biggest buyers of US debt? This plot twist is pretty intense. Damn, is this data real? USDT alone holds 1007 billion USD in US debt? That's more than many countries' foreign exchange reserves. That's outrageous. Central banks are fleeing, and instead, we're the crypto folks cleaning up for America. Really? If stablecoins truly break 400 billion, then crypto is completely no longer an outsider; we become a part of the same fate. I'm a bit scared. It feels like this is prolonging the life of US debt. In the end, the crypto world’s money has to pay interest to Uncle Sam.

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AirdropHunter007

· 9h ago

Whoa, stablecoins ranked among the top 20 largest creditors? That's a bit outrageous; it feels like they're prolonging the life of US debt.

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