{"id":35033,"date":"2025-07-03T13:16:33","date_gmt":"2025-07-03T13:16:33","guid":{"rendered":"https:\/\/dogewisperer.com\/?p=35033"},"modified":"2025-07-03T13:16:33","modified_gmt":"2025-07-03T13:16:33","slug":"arthur-hayes-shares-his-stablecoin-play-and-it-isnt-betting-on-circle","status":"publish","type":"post","link":"https:\/\/dogewisperer.com\/?p=35033","title":{"rendered":"Arthur Hayes Shares His &#8216;Stablecoin Play&#8217; \u2014 And It Isn&#8217;t Betting On Circle"},"content":{"rendered":"<div>\n<p><strong>Arthur Hayes<\/strong> has laid out a detailed case for why the U.S. government, through <a href=\"https:\/\/www.benzinga.com\/crypto\/cryptocurrency\/25\/06\/45897485\/treasury-secretary-scott-bessent-sees-stablecoin-market-surging-past-2-trillion-as-senate-a\">Treasury Secretary <strong>Scott Bessent<\/strong>&#8216;s policies<\/a>, is increasingly leaning on stablecoins as a financial tool to help fund growing federal deficits while keeping bond yields contained.<\/p>\n<p>&#8220;The real stablecoin play isn&#8217;t betting on crusty FinTechs like <strong>Circle <\/strong>(NYSE:<a class=\"ticker\" href=\"https:\/\/www.benzinga.com\/stock\/CRCL#NYSE\">CRCL<\/a>), it&#8217;s understanding that the U.S. government just handed Too Big To Fail (TBTF) banks the launch keys to a multi-trillion-dollar liquidity bazooka disguised as \u2018innovation,'&#8221; Hayes <a href=\"https:\/\/cryptohayes.medium.com\/quid-pro-stablecoin-c9daeb7aa569\">wrote<\/a>.<\/p>\n<p>Hayes contends that stablecoin adoption by TBTF banks, coupled with new regulatory advantages like Supplemental Leverage Ratio (SLR) exemptions and a potential end to the Federal Reserve&#8217;s practice of paying interest on reserve balances, could unlock massive demand for Treasury bills.<\/p>\n<p>He estimates that:<\/p>\n<ul class=\"wp-block-list\">\n<li>$6.8 trillion of T-bill buying power could be unlocked through stablecoin-fueled bank deposits.<\/li>\n<li>An additional $3.3 trillion could be released &#8230;<\/li>\n<\/ul>\n<p><a href=\"https:\/\/www.benzinga.com\/crypto\/cryptocurrency\/25\/07\/46243544\/arthur-hayes-shares-his-stablecoin-play-and-it-isnt-betting-on-circle\" alt=\"Arthur\" hayes shares his play and it isn betting on circle>Full story available on Benzinga.com<\/a><\/p>\n<\/div>\n","protected":false},"excerpt":{"rendered":"<p>Arthur Hayes has laid out a detailed case for why the U.S. government, through Treasury Secretary Scott Bessent&#8216;s policies, is increasingly leaning on stablecoins as a financial tool to help fund growing federal deficits while keeping bond yields contained. &#8220;The real stablecoin play isn&#8217;t betting on crusty FinTechs like Circle (NYSE:CRCL), it&#8217;s understanding that the [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"iawp_total_views":0,"footnotes":""},"categories":[2],"tags":[3,4,5],"class_list":["post-35033","post","type-post","status-publish","format-standard","hentry","category-news","tag-crypto","tag-doge","tag-news"],"_links":{"self":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts\/35033","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=35033"}],"version-history":[{"count":0,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts\/35033\/revisions"}],"wp:attachment":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=35033"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=35033"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=35033"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}