Luke Gromen, a seasoned expert in macro investments, highlights Bitcoin’s potential to boost demand for U.S. Treasury bonds. He suggests that the Trump administration’s initiative to create a strategic Bitcoin 
$103,719 reserve could revive the relationship between stablecoins and Treasury bills in the market.
Stablecoins and U.S. Interests
Gromen indicates that positive developments in the Bitcoin market will likely increase demand for dollar-denominated crypto assets. He adds that this situation may lead to heightened interest in U.S. Treasury bonds as well.
Luke Gromen: “The Trump administration’s idea of combining T-bills with stablecoins is on the table. As Bitcoin prices rise, we observe an increase in the demand for stablecoins and consequently T-bills. This suggests that Bitcoin could play a significant role in balancing the U.S. financial landscape.”
According to this approach, Bitcoin’s value appreciation reflects market demand and may also contribute to maintaining financial stability.
Participants in the stablecoin market, such as Tether and Circle, support their assets with U.S. Treasury bonds at a 1:1 ratio. For instance, Tether’s T-bill portfolio exceeds $94.47 billion, while Circle’s surpasses $22.047 billion. This scenario indicates that Treasury bonds play a central role in the market’s collateral structure.
Legal Regulations and New Proposals
In the U.S. Congress, progress is being made on two bills, the STABLE Act 2025 and the GENIUS Act 2025, which foresee that stablecoin issuers can invest in T-bills and similar real assets. These regulations aim to establish a more solid foundation for economic instruments in the market. The upcoming legislative process is a focal point for market participants.
The Trump administration’s plans to create a comprehensive legal framework specifically for stablecoins to enhance bond and bill demand are neither prophetic nor exaggerated. Boosting demand for cryptocurrencies with U.S. backing while holding more U.S. debt that will not be sold for a long time appears to be a win-win situation.
Market players and regulators are attempting to implement new strategies to ensure financial stability. With Bitcoin’s rise, the increase in stablecoin demand may also boost interest in U.S. Treasury bonds. Investors are closely monitoring this process to anticipate how financial instruments will interact with one another.
