Stablecoin Treasury Growth Partly Offsets China’s Retreat, SF Fed Study Finds

Crypto Insight Summary: Issuers favor short-term debt, while China’s decline is mostly in longer-dated securities. The authors say additional demand depends on who buys stablecoins. Crypto Insight Analysis: Direction: Neutral Impact: Minor Impact Horizon: Short-term (1-3 days) Reasoning: Stablecoin demand remains steady but not strong enough to drive market direction.