Stablecoin Issuers Now 18th Largest Holder of U.S. Debt

June 20, 2024

Tether Ltd, the issuer of tether (USDT), the world’s leading dollar-pegged cryptocurrency by market value, alone holds around $91 billion in Treasuries and Circle, the issuer of USDC, holds short-dated U.S. debt, including repos, worth $29 billion, according to Tagus Capital.

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