Treasury panel says stablecoin rules could lift T-bill demand
The advisory committee said the effect on bank deposits would hinge on the yields and payment features stablecoins offer.
By The Carnegie Standard Staff
· 1 min read
Proposed reserve requirements for stablecoin issuers could raise demand for U.S. Treasury bills and concentrate those holdings in short-dated maturities, the Treasury Borrowing Advisory Committee said, according to TokenPost in a report published on October 24, 2026.
The committee described the outcomes as projections tied to requirements that have been proposed rather than adopted. How large the effect turns out to be would depend on what U.S. regulators ultimately require and on how much the stablecoin market grows, the panel said.
The committee also pointed to potential consequences for bank funding. Any shift in deposits would depend on the yields stablecoins pay and the payment features they offer, according to the report. If the tokens compete directly with bank products, lenders could respond by raising deposit rates to keep customers or by turning to other sources of funding, including wholesale markets.
The Treasury Borrowing Advisory Committee advises the Treasury Department on debt issuance and market conditions.
This story was first reported by www.tokenpost.com.
Comments