Allium(@AlliumLabs):Payments are emerging as a meaningful source of incremental U.S. Treasury demand from stablecoins. @trondao accounts for 71% of filtered stablecoin payment volume in our analysis, with ~$86B in stablecoin supply on the network. Much of that activity serves as a low-cost payment and dollar-storage rail, particularly in markets where access to traditional dollar banking is limited. When stablecoins replace local currency or informal dollar instruments rather than an existing U.S. money market fund, the Treasury demand they create is much more incremental. Stablecoins are increasingly global dollar infrastructure. Read the full report from @CitizensBank + Allium:

2026.09.13 16:00

Payments are emerging as a meaningful source of incremental U.S. Treasury demand from stablecoins. @trondao accounts for 71% of filtered stablecoin payment volume in our analysis, with ~$86B in stablecoin supply on the network. Much of that activity serves as a low-cost payment and dollar-storage rail, particularly in markets where access to traditional dollar banking is limited. When stablecoins replace local currency or informal dollar instruments rather than an existing U.S. money market fund, the Treasury demand they create is much more incremental. Stablecoins are increasingly global dollar infrastructure. Read the full report from @CitizensBank + Allium: