Stablecoin regulation could add over $1 trillion in Treasury demand and make issuers among the largest holders of U.S. government debt, Citigroup says.
Stablecoin issuers could become some of the largest holders of U.S. Treasuries by 2030 if the U.S. adopts a regulatory framework, Citigroup said in a new report, adding that more than $1 trillion in additional demand for Treasuries could come from stablecoin growth.
According to the New York-based bank, a supportive U.S. regulatory framework could lead stablecoins to drive demand for âdollar risk-free assets inside and outside the U.S.â
âCreating a U.S. regulatory framework for stablecoin would support demand for dollar risk-free assets inside and outside the U.S. The stablecoin issuers will have to buy U.S. Treasuries, or comparable low risk assets, against each stablecoin as a measure of having safe underlying collateral.â
Citigroup
Citigroupâs base case assumes that stablecoin issuers âcould hold more U.S. Treasuries by 2030 than any single jurisdiction today,â adding that if base case holds true, stablecoin issuers âcould become one of the largest holders of U.S. Treasuries relative to any other jurisdiction today.â
Citigroupâs projected ranking of U.S. Treasury holders by entity | Source: Citigroup
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However, the bankâs analysts also highlighted risks and challenges. Since stablecoins âcarry run-risk,â the failure of a major issuer âcould cause contagion effect,â the report reads. Citigroup also noted that stablecoins de-pegged âabout 1,900 times in 2023, with around 600 of these being large-cap stablecoins.â
Geopolitical risks may also slow global stablecoin adoption as stablecoins âmay be viewed by many non-U.S. policy makers as an instrument of dollar hegemony,â Citigroup warned, adding that âpolicymakers in China and Europe will be keen to promote central bank digital currencies or stablecoins issued in their own currency.â
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SOL Strategies has announced a new staking partnership with DigitalX Limited, a publicly traded blockchain technology company based in Australia.
Under the agreement, DigitalX will stake its Solana (SOL) holdings through BitGoâs institutional custody platform, using SOL Strategies as its validator partner.Â
BitGoâs recent integration with SOL Strategies enables institutional clients to access a high-performance, secure validator network with minimal friction.
The partnership represents a key development for both companies. For SOL Strategies, it builds on its recent entry into BitGoâs validator offering, placing the firm among a small group of validators available to institutional clients.
For DigitalX, the move supports its goal of expanding exposure to Solana while maintaining strong security and operational standards.
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Institutional appealÂ
SOL Strategies CEO Leah Wald said the partnership underscores the infrastructure companyâs growing institutional appeal. âDigitalX shares our vision for expanding institutional access to the blockchain economy,â Wald said. âTheir decision to stake with SOL Strategies further validates the strength and performance of our platform.â
This news comes as Superstate launched Opening Bell, a platform enabling SEC-registered public shares to be issued and traded directly on blockchains, starting with Solana. SOL Strategies became the first company to list its shares through the system, marking a step toward integrating public markets with digital assets.
DigitalX Interim CEO Demetrios Christou described SOL Strategies as a âbest-in-classâ infrastructure provider, citing its performance and BitGo integration as key selection factors.
Both companies are publicly listed and aim to offer regulated, scalable solutions in the digital asset space.
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Terra Luna Classic 代币较历史最高价暴跌逾 90%,现出现触底迹象。
Terra Luna Classic (LUNC) 的价格在 0.00005385 美元处获得强劲支撑,自成立以来一直未能跌破该水平。这表明该代币可能正处于看涨突破的边缘。
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LUNC 的潜在催化剂价格
LUNC 代币销毁量达到 4060 亿。数据显示 该网络在过去七天内销毁了超过 2.8 亿个代币,使销毁的代币总量达到 4060 亿个。
超过 3362 亿个 LUNC 代币已转移到销毁钱包,而其中近 700 亿个代币已在链上销毁。大部分销毁来自 Terraform Labs,这是美国破产法院下令的。
最大的加密货币交易所币安也是业内最活跃的 LUNC 销毁者。过去三年来,它已经销毁了超过 710 亿个代币,并始终如一地支持其所有升级。
与此同时,越来越多的 LUNC 持有者正在质押它们。这是一个乐观的信号,也许代币会反弹。LUNC 质押率已升至 15.85%。这是自 2024 年 11 月 10 日以来的最高水平。
高质押率,尤其是当货币下跌时,是一个非常看涨的信号。
LUNC 价格出现触底迹象
Terra Luna Classic 价格图表 | 来源:crypto.news
周线图显示,本月 Terra LUNA Classic 价格跌至 0.000054 美元的低点。这是一个值得注意的水平,因为该代币在去年 7 月和 9 月未能跌破该水平。它也未能在 2024 年跌破该价格。
LUNC 的价格上次跌破该水平是在 2022 年 6 月,当时跌至 0.00003440 美元的低点。这次下跌也被证明是一次假突破。
因此,Terra Luna Classic 的价格很可能已经形成四重底——一种流行的看涨反转信号。看涨突破可能会使其跃升至下一个关键阻力位 0.0001797 美元,这是去年 11 月的最高波动。
该价格比当前水平高出约 180%。跌破该支撑位将预示着进一步下跌至 0.000034 美元。
LUNC 的历史
The LUNC token, originally known as the Luna token, was created by Do Kwon and Daniel Shin, co-founders of Terraform Labs.
Terraform Labs was based in South Korea, and they launched the Luna token as part of the Terra blockchain ecosystem. The project aimed to create a stablecoin (TerraUSD, or UST) through an algorithmic mechanism tied to Luna. After the UST stablecoin de-pegged from the U.S. dollar in May 2022, the value of Luna (now LUNC after a rebranding) crashed. This led to a massive loss in value and the collapse of the Terra ecosystem.
Afterward, a hard fork was created, leading to the introduction of Terra 2.0, and a new token was issued to replace the old one.
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