Stablecoin Treasury Demand: Is the SF Fed's $400B Too Low?

1 hour ago 3 minute read 0 comments Technology Era $0.02

The SF Fed says stablecoin issuers could be sitting on about $400B of short-term Treasuries by end-2030, and my first reaction was that the number looks light. Here's the setup. The paper is FRBSF Economic Letter 2026-26, out September 28. It says th...