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Boring_Business Profile picture
Boring_Business
@BoringBiz_
nobody asks about your external rate of return

Aug 1, 13 tweets

Apollo just released some incredible data on how stablecoins are impacting demand for US treasuries and outlook for the sector

Few charts that caught my eye

🧵

1/ Stablecoin transaction volume has surpassed both Visa and Mastercard

2/ Stablecoin combined market cap now sits at ~$250B

3/ USDC and USDT make up ~85% of the market cap

4/ Majority of the stablecoin supply is pegged to USD

5/ Transactions today mostly taking place in North America and Europe

6/ Stablecoin market cap is projected to almost 10x in just the next 3 years

7/ Number of active stablecoin addresses have been slowly rising

8/ Transaction volume has surpassed traditional financial systems such as Visa and PayPal

9/ Payments transaction volume still lag behind Visa and Mastercard

10/ Reserve asset composition of USDC and USDT

11/ Stablecoins are now the 18th largest holder of US treasuries

12/ Stablecoin demand for Treasuries growing at very rapid pace

13/ $6.6T of bank deposits at risk due to stablecoins

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