Bitwise Senior Investment Strategist Juan Leon wrote in a post on X that "According to a Bloomberg report, stablecoins currently hold about 1% of US Treasury bonds, but this proportion may soon grow to 15%, becoming one of the top three holders.
Without regulation, the market value of stablecoins has risen from zero dollars to nearly $170 billion in a few years. Now, a stablecoin bill has received bipartisan support in Congress, and Federal Reserve officials have recognized stablecoins as a new tool that can increase the influence of the US dollar globally and support the US Treasury market.
As stablecoin regulation takes effect in Europe in 2025 and the US hopes to catch up, stablecoins will increasingly be embedded in the channels of the digital economy. As artificial intelligence agents become more and more common, stablecoins will become the preferred mechanism for digital commerce.
The digital economy already accounts for 15% of the world economy and is growing at 2-3 times the speed. The use of stablecoins is growing at an exponential rate, which means that the speed from $170 billion to $1 trillion will be faster than the speed from zero to $170 billion. The purchase of $1 trillion in stablecoin Treasury bonds will make the top 10 currency market funds pale in comparison and rank among the top three holders (over $800 billion)."