# Treasuries Related Articles

HTX News Center provides the latest articles and in-depth analysis on "Treasuries", covering market trends, project updates, tech developments, and regulatory policies in the crypto industry.

RWAs post 13.5% monthly gains as $1T exits the crypto market

Real-world assets (RWAs) on public blockchains grew by 13.5% in the past month, even as $1 trillion exited the broader crypto market. Ethereum remains the dominant platform with $178.9 billion in tokenized assets, followed by Solana and BNB Chain. Over 30 days, Ethereum added $1.7 billion in new value, nearly doubling Arbitrum’s growth. According to Coin Bureau’s Nic Puckrin, this trend signals a major shift in the digital asset sector, with capital rotating toward yield-bearing, cash-flow-backed instruments rather than simply leaving the ecosystem. Tokenization is expanding beyond a single chain, reflecting a long-term foundational change in the market.

ambcryptoYesterday 03:02

RWAs post 13.5% monthly gains as $1T exits the crypto market

ambcryptoYesterday 03:02

Crypto Treasuries May Begin Selling In 2026 As ETFs Increase Pressure: Report

Crypto prices have declined significantly from their previous highs, and a new report warns that digital asset treasuries (DATs) may be forced to start selling their holdings by 2026. These companies, which hold large amounts of cryptocurrency on their balance sheets, are facing steep paper losses due to falling token prices. If the bear market persists, they may need to liquidate assets to meet debt obligations or margin calls. Additionally, the growing popularity of cryptocurrency ETFs is increasing competitive pressure on DATs. Both offer crypto exposure, but ETFs are seen as less risky than treasury companies, which often use debt financing. Refinancing risks and potential margin calls could force DATs to sell into a declining market, creating a negative feedback loop that drives prices even lower. Analysts caution that if the current slump continues, forced sales from DATs could amplify market weakness and have ripple effects across the entire crypto ecosystem in 2026.

bitcoinist2 days ago 00:02

Crypto Treasuries May Begin Selling In 2026 As ETFs Increase Pressure: Report

bitcoinist2 days ago 00:02

Bitcoin Treasuries An ‘Explosion Waiting To Happen,’ Capriole Founder Warns

Capriole Investments founder Charles Edwards warns that the rapid growth of Bitcoin Digital Asset Treasury (DAT) companies—now numbering 200—is a "leverage explosion waiting to happen." Comparing DATs to the 1920s investment trust bubble, Edwards notes these firms, which hold 12% of all Bitcoin, face unsustainable model for yield on a fixed-supply asset. With many having bought at bull market prices, recent downturns have pressured their holdings. Edwards cautions that an unwind could dwarf the collapses of Luna and FTX. Bitcoin is trading around $74,500, down 16% over the past week.

bitcoinist02/05 14:41

Bitcoin Treasuries An ‘Explosion Waiting To Happen,’ Capriole Founder Warns

bitcoinist02/05 14:41

Tether grows as crypto market shrinks in Q4, report shows

Despite a sharp contraction in the broader cryptocurrency market in Q4 2025, with total market capitalization falling from approximately $3.9 trillion to $2.6 trillion, Tether (USD₮) experienced significant growth. Its circulating supply increased steadily, reaching around $109 billion by the end of the quarter, with net issuance exceeding $10 billion. This expansion reflects a shift in investor behavior toward capital preservation and de-risking rather than exiting the crypto ecosystem entirely. Tether’s substantial holdings of U.S. Treasuries, totaling $141.6 billion, reinforced confidence during market stress. The accumulation of stablecoins suggests that investors are poised to redeploy capital once market conditions stabilize, potentially supporting future liquidity and recovery.

ambcrypto02/04 19:36

Tether grows as crypto market shrinks in Q4, report shows

ambcrypto02/04 19:36

‘No deposit flight’: Galaxy disputes Standard Chartered’s $500B stablecoin risk

Standard Chartered Bank warns that U.S. banks, particularly regional ones, could lose $500 billion in deposits by 2028 due to growing adoption of stablecoins, which they see as a structural risk. The bank also projects the stablecoin market could grow to $2 trillion in the same period. However, Galaxy’s head of research, Alex Thorn, disputes the idea of "deposit flight," arguing that funds would merely "migrate" rather than leave the banking system entirely. He compares it to money market funds, where cash ultimately returns to banks through treasury purchases. The debate highlights ongoing tensions between the crypto and banking industries.

ambcrypto01/28 17:02

‘No deposit flight’: Galaxy disputes Standard Chartered’s $500B stablecoin risk

ambcrypto01/28 17:02

Sui’s $500mln stablecoin rise – 2 ways treasuries are running the protocol

Sui's $500 million stablecoin growth and evolving treasury strategies highlight a shift from passive asset holding to active protocol participation. Foundation-controlled wallets hold significant SUI positions (roughly 3% of circulating supply), while on-chain data shows increasing holder concentration. Unlike static reserves, treasuries now engage in governance, yield generation, and liquidity provision. Despite ongoing token unlocks, Sui’s circulating supply remains stable at 3.79B SUI (38% of max supply), with growth absorbed through staking, development, and ecosystem funding. Stablecoins, led by USDC, power DeFi yields ranging from 3–10% on lending protocols to over 70% on DEXs. This reflects a broader trend where treasuries monetize participation internally without relying on spot market exits, reinforcing Sui as a yield-driven ecosystem.

ambcrypto01/27 02:05

Sui’s $500mln stablecoin rise – 2 ways treasuries are running the protocol

ambcrypto01/27 02:05

Corporate Bitcoin holdings hit 1.13M BTC despite 6.4% price dip: Report

Despite a 6.4% price decline in 2025, corporate Bitcoin holdings reached a collective 1.13 million BTC, representing 5.1% of the total supply. Led by MicroStrategy, which holds over 709,000 BTC, these firms continued accumulating despite market conditions. They increasingly used preferred stock and digital credit for capital raising instead of direct purchases. However, overall institutional demand, as measured by the Apparent Demand Growth metric, has remained negative since December due to significant selling pressure from ETFs, which control 7.1% of the supply. This suggests continued price weakness for BTC until broader demand improves.

ambcrypto01/25 03:02

Corporate Bitcoin holdings hit 1.13M BTC despite 6.4% price dip: Report

ambcrypto01/25 03:02

"Uninvestable" U.S. Treasuries Might Be the Highest-Returning Asset of 2026

Amidst a shifting macroeconomic landscape in 2026, long-term U.S. Treasuries, particularly ETFs like TLT and TMF, are positioned to outperform equities. Key arguments include: gold's 200% rise signaling deflationary risks rather than sustained inflation; unsustainable U.S. interest expenses nearing $1.2 trillion annually; heavy short-term Treasury issuance increasing refinancing risks; and extreme short interest in long bonds creating potential for a squeeze. Additionally, cooling inflation, weak consumer sentiment, and rising trade tensions suggest a deflationary shock. Policy interventions, such as yield curve control or QE, are likely if long yields threaten growth or fiscal stability. With long-duration assets offering convexity and a 4.4–4.7% yield, a 100–200 bps decline in long-term rates could drive 15–45%+ returns, making long bonds a high-upside, asymmetric bet for 2026.

marsbit01/20 02:20

"Uninvestable" U.S. Treasuries Might Be the Highest-Returning Asset of 2026

marsbit01/20 02:20

The United States Will Not Reject Stablecoins

The article argues that the U.S. has no fundamental reason to reject stablecoins, despite regulatory friction. The debate centers on the "passive yield" mechanism, with traditional banks fearing massive deposit outflows—potentially up to $6 trillion—from community banks into yield-bearing stablecoins like USDC, which could raise lending costs. Coinbase counters that yield is a tool for user benefit and efficiency, helping users escape near-zero bank interest rates. Stablecoin issuers like Tether and Circle have become significant buyers of U.S. Treasury bonds, holding $1700 billion in Treasuries and accounting for a small but growing share of the money supply. With foreign demand for U.S. debt declining, stablecoins help sustain Treasury markets. The piece traces the rapid evolution of on-chain yield mechanisms, from Ethena’s USDe—which surged then contracted after deleveraging events—to more mature vault-based models like those on Morpho. While on-chain yield products have advanced, real-world adoption in payments remains limited. The solution proposed is integrating yield into payment systems, making yield a default feature during transactions—not just when holding or idling—thus benefiting users, merchants, and platforms. Examples like Airwallex’s yield products and travel platform partnerships show the potential. The conclusion is that stablecoins must expand utility and user base to succeed, with the next challenge being the governance of yield vaults to prevent systemic risks.

marsbit01/19 03:37

The United States Will Not Reject Stablecoins

marsbit01/19 03:37

Arthur Hayes Deep Dive: Why Did Bitcoin Underperform Gold and the Nasdaq in 2025?

Arthur Hayes argues that Bitcoin's underperformance against gold and the Nasdaq in 2025 was not a failure but an expected outcome driven by distinct market dynamics. He posits that Bitcoin's price is directly tied to US dollar liquidity, which contracted during the year. In contrast, gold's surge was fueled by price-insensitive central banks aggressively buying it to de-risk from US Treasury holdings, fearing asset freezes like the one imposed on Russia. The Nasdaq's resilience, despite lower liquidity, is attributed to the "nationalization" of AI by the US government under Trump, where state-directed capital flows into strategic tech sectors irrespective of market signals. Hayes predicts a reversal in 2026, forecasting a significant expansion of dollar liquidity through Fed balance sheet growth, increased bank lending to strategic industries, and government interventions in the housing market. This, he believes, will propel Bitcoin's price upward. His trading strategy involves leveraged Bitcoin exposure through stocks like MicroStrategy and Metaplanet.

marsbit01/15 09:12

Arthur Hayes Deep Dive: Why Did Bitcoin Underperform Gold and the Nasdaq in 2025?