Stablecoin issuers' $182 billion US Treasury hoard ranks 17th among countries, beating UAE and South Korea
Four US-dollar stablecoin issuers hold roughly $182 billion in US Treasury bills, an amount that would slot them 17th on the Treasury Department’s country-by-country league table. The amount in ove...
Source: CryptoSlate
Four US-dollar stablecoin issuers hold roughly $182 billion in US Treasury bills, an amount that would slot them 17th on the Treasury Department’s country-by-country league table. The amount in overnight Treasury-collateralized repos and Treasury-heavy money market funds would put the group between Norway’s $195.9 billion and Saudi Arabia’s $133.8 billion. Tether’s USDT tops the cohort. […]