Stablecoin Issuers Have $80 Billion in Short-Term US Government Debt

Stablecoin Issuers Have $80 Billion in Short-Term US Government Debt

Stablecoin issuers like Tether and Circle now have $80 billion in short-term US government debt, highlighting the growing role of digital asset players in traditional financial markets. Tether and his colleagues accounted for 2 percent of the Treasury bill market — debt instruments often used as cash equivalents on corporate balance sheets — in May, …

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