Yesterday the Fed announced 40B in T bill purchases starting December 12. They're calling it reserve management, not QE..
Here's why it matters for DeFi:
The US has to refinance 9 trillion in 2026. That rollover isn't possible without rate cuts or money printing. Interest costs are heading toward $1T per year, bigger than the entire defense budget.
Translation:
Real QE probably starts Q1-Q2 2026. Position accordingly.
When traditional finance needs to print, risk assets benefit. This is less speculation, more math. The refinancing wall is real...the Fed just showed you their first move.
Here's why it matters for DeFi:
The US has to refinance 9 trillion in 2026. That rollover isn't possible without rate cuts or money printing. Interest costs are heading toward $1T per year, bigger than the entire defense budget.
Translation:
Real QE probably starts Q1-Q2 2026. Position accordingly.
When traditional finance needs to print, risk assets benefit. This is less speculation, more math. The refinancing wall is real...the Fed just showed you their first move.










