The Digital Assets sector had plenty to say on stablecoins, the Coldcard hack, and crypto investing this week.

Stablecoins

“It’s a demand-side story for treasuries at exactly the moment the traditional buyers are stepping back.

“The traditional U.S. marginal debt buyer was the foreign official sector, and that bid has been deliberately and structurally impaired. China’s Treasury holdings have fallen from over $1 trillion to around $660 billion, and the freezing of Russia’s reserves in 2022 taught every non-aligned central bank the same lesson: dollar assets carry confiscation risk if you end up on the wrong side of US foreign policy. That’s not a cyclical dip in demand — it’s sanctions policy sabotaging the…