According to @KobeissiLetter, stablecoins now hold $149 billion in US Treasuries, ranking as the 18th-largest external holder. These holdings have increased by approximately $58 billion, or 64 percent, since Q1 2023. During the same period, the total market capitalization of stablecoins has doubled to a record $240 billion. This significant growth in Treasury-backed reserves highlights the increasing institutional confidence in stablecoins and signals deeper integration between crypto and traditional finance. For crypto traders, these trends suggest enhanced market liquidity and growing demand for stablecoin-based trading pairs, which could impact price stability and trading volumes across major cryptocurrencies (Source: @KobeissiLetter).

According to @KobeissiLetter, stablecoins now hold $149 billion in US Treasuries, making them the 18th-largest external holder. Since Q1 2023, these holdings have increased by approximately $58 billion, a 64% rise. During the same period, the total market capitalization of stablecoins has doubled to a record $240 billion. This rapid growth highlights the increasing integration of stablecoins with traditional financial instruments and provides added liquidity and stability to the broader cryptocurrency market, potentially supporting trading activity and investor confidence.

According to Tetranode, Product Market Fit (PMF) is perfectly positioned in anticipation of an upcoming stablecoin boom onchain, indicating that projects aligning with this trend may experience significant trading opportunities as stablecoin adoption accelerates on blockchain networks. This insight suggests that traders should monitor onchain stablecoin metrics and related DeFi protocols closely, as optimal PMF could boost user adoption and liquidity, potentially impacting token prices and trading volumes across the crypto market (source: Tetranode on Twitter, May 9, 2025).