The market cap of tokenized US Treasury bills on the Stellar network rose by $96.2 million last week, contributing to a total real-world asset base of approximately $3.47 billion.
US 3-month and 6-month Treasury bill yields have climbed above 4%, signaling a shift in investor demand and government borrowing costs.
The New York Fed will reinvest $15.6 billion from maturing securities, a move that maintains current reserve levels rather than injecting new liquidity into the market.
The Federal Reserve purchased $2.12 billion in Treasury bills as part of a winding-down Reserve Management Purchase program.
Bank of America projects that rising interest rates will add $50 billion to the US government's annual interest costs on Treasury bills.
