Onyx

Coin

<ul class="wp-block-list news-points"> 
 <li><strong>Stablecoins are increasing demand for U.S. Treasuries, with $120 billion in collateral invested.</strong></li> 
 <li><strong>Blockchain initiatives, like JPMorgan’s Onyx Platform, are revolutionizing Treasury operations and post-trade processes.</strong></li> 
 <li><strong>Most central banks are exploring CBDCs to address emerging challenges in the digital asset landscape.</strong></li> 
</ul> 
<p>Digital assets, particularly stablecoins and blockchain projects, are reshaping the financial landscape. A <a href="https://x.com/ThinkingCrypto1/status/1851662191176318999" target="_blank" rel="nofollow">report</a> from the U.S. Department of Treasury shows that digital currencies are driving demand for U.S. Treasuries as investors and institutions explore blockchain’s potential to enhance the efficiency of financial transactions.</p> 
<h2 class="wp-block-heading" id="h-stablecoins-increase-treasury-demand">Stablecoins Increase Treasury Demand</h2> 
<p><a href="https://coinedition.com/stablecoin-market-dips-2-7-as-pyusd-rewards-decline-impacts-growth/">Stablecoins</a>, digital currencies pegged to fiat assets, play a crucial role in boosting Treasury demand. An estimated $120 billion in stablecoin collateral is invested in Treasuries. Tether, the largest stablecoin by market capitalization, allocates 68.3% of its $118.4 billion reserves to Treasury bills.</p> 
<div class="wp-block-image"> 
 <figure class="aligncenter size-full is-resized">
  <img decoding="async" width="623" height="447" src="https://coinedition.com/wp-content/uploads/2024/10/Screenshot-2024-10-31-184545.png" alt="" class="wp-image-537401" style="width: 100%;height:auto" srcset="https://coinedition.com/wp-content/uploads/2024/10/Screenshot-2024-10-31-184545.png 623w, https://coinedition.com/wp-content/uploads/2024/10/Screenshot-2024-10-31-184545-300x215.png 300w, https://coinedition.com/wp-content/uploads/2024/10/Screenshot-2024-10-31-184545-380x273.png 380w, https://coinedition.com/wp-content/uploads/2024/10/Screenshot-2024-10-31-184545-124x89.png 124w, https://coinedition.com/wp-content/uploads/2024/10/Screenshot-2024-10-31-184545-620x445.png 620w, https://coinedition.com/wp-content/uploads/2024/10/Screenshot-2024-10-31-184545-344x247.png 344w, https://coinedition.com/wp-content/uploads/2024/10/Screenshot-2024-10-31-184545-334x240.png 334w, https://coinedition.com/wp-content/uploads/2024/10/Screenshot-2024-10-31-184545-230x165.png 230w, https://coinedition.com/wp-content/uploads/2024/10/Screenshot-2024-10-31-184545-294x211.png 294w, https://coinedition.com/wp-content/uploads/2024/10/Screenshot-2024-10-31-184545-98x70.png 98w, https://coinedition.com/wp-content/uploads/2024/10/Screenshot-2024-10-31-184545-105x75.png 105w" sizes="(max-width: 623px) 100vw, 623px">
 </figure>
</div> 
<p>Other major stablecoins, such as USDC, also boost this demand. Stablecoins act as collateral in decentralized finance (DeFi) markets and provide liquidity in digital tran…</p>
<p>The post <a href="https://coinedition.com/stablecoins-and-blockchain-drive-demand-for-us-treasuries-report/">Stablecoins and Blockchain Drive Demand for US Treasuries: Report</a> appeared first on <a href="https://coinedition.com">Coin Edition</a>.</p>

Stablecoins and Blockchain Drive Demand for US Treasuries: Report

Table of Contents

Coin Edition

Other articles published on Oct 31, 2024

Jumia secures 6000sqm warehouse at Ghana’s Agility Logistics Park for new operations centre

Samurai Shodown R Launches in 2025

Market Confidence Surges as Bitcoin Breaks Key Resistance and Eyes Higher Gains

Gora Network announces the implementation of its oracles in Base Mainnet

Russia's Latest Bitcoin Move Could Be an Example for Other Countries! Here Are the Details…

Shiba Inu Price To Surge Amidst Spike in Whale Activity, SHIB Killer To Gain 50x

Join our free newsletter for daily crypto updates!