Odaily News According to foreign media reports, at a money market fund conference held in Boston this week, the possibility that stablecoins could drive a surge in demand for short-term U.S. Treasuries became a hot topic. Investors at the meeting expect that stablecoins will absorb a large amount of U.S. Treasury supply later this year. Stablecoins are usually pegged to highly liquid assets such as the U.S. dollar. In order to maintain a 1:1 value peg, their issuers need to hold a large amount of liquid security reserves, which usually means buying U.S. Treasuries. Yie-Hsin Hung, CEO of State Street Global Advisors, said that stablecoins are attracting a lot of demand for the U.S. Treasury market. About 80% of the stablecoin market is currently invested in U.S. Treasury bills or repurchase agreements, with a scale of approximately $200 billion. Although it accounts for less than 2% of the entire U.S. Treasury market, stablecoins are growing rapidly and are likely to exceed the growth of U.S. Treasury supply. (Jinshi)