Garrett Jin, a representative of the "BTC OG insider whale," has suggested that tokenizing U.S. stocks could drive demand for stablecoins, offering a potential solution to the U.S.'s mounting debt issues. Jin highlighted that amid de-dollarization, extending the debt cycle seems unrealistic, and tokenization could be a viable path for refinancing the growing federal debt, which stands at approximately $36 trillion.
Jin pointed to BlackRock's initiatives to integrate real-world assets onto the blockchain as evidence of this strategy. By tokenizing the estimated $68 trillion in U.S. equities, the demand for stablecoins could increase, potentially easing debt pressures. This approach could also bypass foreign regulations and attract global capital to U.S. Treasury bonds, aligning with strategic and political objectives. Public blockchains like Ethereum could serve as settlement layers for these on-chain assets, driven by practical financial and geopolitical needs.
Tokenization of U.S. Stocks Could Spur Stablecoin Demand Amid Debt Concerns
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