U.S. Senator Bill Hagerty has stated that stablecoin issuers are projected to become the largest holders of U.S. Treasury securities globally by 2030. This forecast highlights the increasing integration between the cryptocurrency sector, particularly stablecoins, and traditional financial markets. Hagerty’s comments underscore the expanding role of stablecoin issuers in the global financial system and their potential influence on U.S. government debt holdings.
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Source: https://thedefiant.io/news/regulation/senator-bill-hagerty-predicts-stablecoin-issuers-largest-holders-u-s-treasuries-269b81ce