📊 Stablecoin issuers are becoming significant buyers of short-term US debt, but the GENIUS Act limits direct Treasury holdings to maturities of 93 days or less. That does little for the long end. Treasury has at least $28 billion of expanded buyback capacity, while stablecoin reserves cannot directly fund 10- to 30-year debt. https://cryptoslate.com/us-treasury-relies-on-stablecoins-to-fund-short-term-debt-but-they-cant-fix-its-28b-long-bond-problem/(CryptoSlate)