Bitwise investment strategist: The proportion of US Treasury holdings in stablecoins will soon rise to 15%, making it one of the top three holders

ChainCatcher message, Bitwise Senior Investment Strategist Juan Leon posted on X: "According to a report by Bloomberg, stablecoins currently hold about 1% of U.S. Treasury securities, but this percentage could soon grow to 15%, making them one of the top three holders.

Without regulation, the market value of stablecoins has skyrocketed from $0 to nearly $170 billion in just a few years. Now, a stablecoin bill has gained bipartisan support in Congress, and Federal Reserve officials have recognized stablecoins as a new tool that can enhance the dollar's influence globally and support the U.S. Treasury market.

As stablecoin regulation is set to take effect in Europe in 2025, and with the U.S. looking to catch up, stablecoins will increasingly be embedded in the pipelines of the digital economy. With AI agents becoming more prevalent, stablecoins will become the preferred mechanism for digital commerce.

The digital economy now accounts for 15% of the global economy and is growing at a rate 2-3 times faster. The use of stablecoins is growing at an exponential rate, meaning the speed from $170 billion to $1 trillion will be faster than from $0 to $170 billion. A $1 trillion stablecoin Treasury purchase volume would dwarf the top 10 money market funds and place it among the top three holders (over $800 billion)."