US treasury relies on stablecoins to fund short-term debt, but they can’t fix its $28B long-bond problem

US treasury relies on stablecoins to fund short-term debt, but they can’t fix its $28B long-bond problem
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Stablecoin demand is becoming consequential in the U.S. government debt market, but the maturity of that demand matters more than the headline total. Washington now has two debt-market stories runni… [+9432 chars]

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