According to @Andre_Dragosch, stablecoin demand—including Tether's $100 billion in short-term US Treasury holdings—will not be sufficient to significantly impact US Treasury yields. Dragosch notes that even with Tether's massive exposure, it would require approximately 10% of total Treasury issuance in net purchases to lower long-term yields by 30–50 basis points, which is far beyond current stablecoin demand levels (Source: Twitter/@Andre_Dragosch). For crypto traders, this analysis suggests that stablecoin growth is unlikely to provide tailwinds for US Treasury markets or indirectly benefit risk appetite in the crypto sector, keeping the focus on macroeconomic drivers rather than stablecoin treasury allocations.