Stablecoin Legislation Will Juice Demand for Treasurys—to a Point - WSJ
1. Senate passed stablecoin legislation, boosting Treasury demand from payment providers. 2. Stablecoins pegged to the dollar drive adoption by companies like Mastercard and Amazon. 3. Increase in Treasury demand could lower government borrowing costs and debt levels. 4. Stablecoin issuers might hold up to $1.6 trillion in T-bills in two years. 5. Analysts uncertain about the overall impact of stablecoin growth on demand.