🔥 OKG Research: The proportion of stablecoin issuers' holdings in the total short-term US Treasury bonds may increase to over 20% by 2030 The other side of the explosive growth of stablecoins is the expansion of their reserve asset pool, which will also have a profound impact on traditional financial markets. At present, more than 80% of the reserve of mainstream US dollar stable currency is allocated to high liquidity bonds such as US treasury bond bonds. With regulatory barriers established by bills such as GENIUS, stablecoin issuers (including potential emerging bank issuers) are expected to increase their allocation of high liquidity assets such as US Treasury bonds to meet regulatory requirements for asset reserves. Even if a conservative estimate is made by allocating 50% of the stablecoin reserve assets to short-term US bonds, if the supply of stablecoins reaches 3% by 2030 ⃣ Trillion US dollars will create at least 1.5 trillion US dollars in short-term US bond demand, which is close to the current US bond holdings of overseas sovereign buyers from China or Japan, and will increase the proportion of stablecoin issuers' holdings in the total US short-term US bonds from the current 3.2% to over 20%. GENIUS stablecoin bill Web3Governance