The U.S. Treasury Department expands issuance of short-term treasury bonds, and demand for stablecoins has become an additional buying driving force."
According to online reports, the U.S. Treasury Department announced that it will auction a total of US$100 billion in four-cycle treasury bills this week, a record high. The issuance of four-cycle treasury bonds increased by US$5 billion compared with the previous one, while the size of eight-cycle and seventeen-cycle treasury bonds remained unchanged at US$85 billion and US$65 billion respectively. The Financial Borrowing Advisory Committee pointed out that the recent increase in the issuance of stable coins has become one of the emerging sources of demand. Under the Genius Act promoted by President Trump, stablecoin issuers need to use safe assets such as treasury bonds to support their crypto tokens, which indirectly drives demand for treasury bonds.
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