Bitwise CIO Says Stablecoin Market Will Grow Much Further
JH Kim
Summary
- Matt Hougan, Bitwise's CIO, said the stablecoin market is set to grow significantly in the future.
- He said stablecoins "will grow to a much higher level."
- The San Francisco Fed said stablecoin demand for U.S. Treasuries is partly offsetting the decline in China's holdings of U.S. government debt.
Forecast Trend Report by Period
Matt Hougan, chief investment officer at Bitwise, said the stablecoin market is poised for much stronger growth ahead.
Cointelegraph reported on October 1 that Hougan said stablecoins "will grow to a much higher level."
He also cited the Federal Reserve Bank of San Francisco's focus on stablecoin demand for U.S. Treasuries.
The San Francisco Fed said demand from stablecoins for Treasuries is partly offsetting the decline in China's holdings of U.S. government debt.
JH Kim
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