A New Bridge Between Stablecoins and Traditional Finance
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Crypto research firm 10X Research argues IQMM represents a major structural shift in how digital dollar reserves may be managed. By allowing stablecoin issuers to hold Treasury-backed assets inside a regulated ETF wrapper, the model reduces opacity risk and simplifies operational burdens.
If widely adopted, such vehicles could channel hundreds of billions in stablecoin reserves directly into U.S. Treasury markets under federal oversight. In effect, the traditional financial system may have found a way to bring crypto’s monetary base fully onshore — institutionalizing stablecoin backing while tightening regulatory integration.