Stablecoin issuers have replaced 40% of China’s lost US Treasury demand
Stablecoin issuers are emerging as a new source of demand for US government debt as foreign official holdings lose ground. Tether and Circle have increased their Treasury securities and repurchase-agreement holdings by about $200 billion over the past five years, equivalent to more than 40% of the decline in China’s Treasury holdings over the same […] The post Stablecoin issuers have replaced 40% of China’s lost US Treasury demand appeared first on CryptoSlate.
Key Takeaways
- Stablecoin issuers are emerging as a new source of demand for US government debt as foreign official holdings lose ground.
- Tether and Circle have increased their Treasury securities and repurchase-agreement holdings by about $200 billion over the past five years, equivalent to more than 40% of the decline in China’s Treasury holdings over the same […] The post Stablecoin issuers have replaced 40% of China’s lost US Treasury demand appeared first on CryptoSlate.
- Read the full article for additional context and details.
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