1 entry tagged china. All writing.
OCTOBER 1, 2026 Two Lines Cross on the Page A friend shared a tweet from Bitwise's CIO citing a San Francisco Fed chart on stablecoin issuers' growing Treasury holdings, with "the entire stablecoin ecosystem is going much, much higher." Another friend in the same group chat flagged the chart's scale. A third asked the more basic question: higher in what? I pulled the actual Fed letter to answer both.