If stablecoins were a country, they would be the 16th largest holder of US Treasuries.
🔸Treasuries are the beating heart of the USD debt-ponzi ... in order to keep the plates spinning, it voraciously hungers for more and more buyers.
🔸Demand for stablecoins now directly feeds demand for Treasuries.
🔸USD might need stablecoins to live more than it knows.
It's sort of like Voldemort living off unicorn blood. A half-life, a cursed life ... but life.