Stablecoins Quietly but Decisively Take Center Stage
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| By Beth Canova |
On Thursday, tech expert Jurica Dujmovic highlighted a new reality: Stablecoin issuers are now powerful monetary actors.
Why? Because they are among the most significant buyers of short-term U.S. government debt.
Stablecoin issuers use Treasury bills to fill their reserves. And, in doing so, they’ve created what is essentially a private, parallel dollar-liquidity layer.
And that could have massive implications not just for stablecoins on-chain. But for any market they interact with. So much so, Jurica calls these issuers The Fed’s Secret Crypto Shadow.
In his latest update, he explains the potential pitfalls of this development. And how you can stay a step ahead.
But he’s not the only one who has noticed this trend. Cycles expert Juan Villaverde points it out in his update as well.
That’s because he’s noticed something interesting: Bitcoin’s (BTC, “B+”) major moves have aligned more closely with Treasury issuance than with Federal Reserve policy since March 2020!
That means, to see what’s in store for Bitcoin, our eyes should be on T-bill issuance. And according to the latest charts, This Final Indicator Says Bitcoin’s Low Is Likely In.
That doesn’t mean BTC’s price will skyrocket tomorrow. But Juan does say to start looking for signs of reversal in your favorite cryptos.
And that’s just scratching the surface of what the rest of your Weiss crypto team had for you this week …
Global Crypto Ownership Hits 741 Million Users
Beneath all the market noise, a quiet yet powerful development continues to unfold without much fanfare: adoption. Nearly one in every 11 people on Earth holds some form of cryptocurrency.
In his update, altcoin expert Mark Gough explains what this milestone means when most cryptos trade well below their highs, and what savvy investors should watch for next.
The Next Spike in Oil Prices Could Be Around the Corner
Ever since the internal combustion engine displaced horses and mules on the modern battlefield, oil has been a strategic military resource. Indeed, you can almost see the arc of 20th-century geopolitics written in the ebb and flow of petroleum prices.
And now, with oil prices ticking up and geopolitical tensions escalating, Bob Czeschin believes we’re seeing the early stages of the next chapter unfolding. And he gives you three ways to play it.
5 Ways to Find the Best DeFi Yields
While we wait for higher asset prices across the markets, Marija Matić reminds you that DeFi still has impressive yields. But with the average APY sitting under 1%, you have to know your stuff to find the pools that outperform the market.
That’s why in her latest update, Marija shares the five top considerations you need to keep in mind when hunting for yield. This way, you can ensure your crypto works as hard as you do.
But that’s all for this week. Be sure to look for your next Weiss Crypto Daily update tomorrow afternoon.
Best,
Beth Canova
Crypto Managing Editor
