The U.S. Department of the Treasury says that the amount of U.S. short-term Treasuries currently held by stablecoin issuers is now close to $200 billion.
As the GENIUS Act rules are finalized, this figure will continue to rise.
Stablecoins are now a real, substantial buyer in the U.S. Treasury market. The U.S. fiscal framework is starting to make room for stablecoins, and the underlying U.S. dollar is becoming more deeply tied to the crypto market.
$BTC $ETH
As the GENIUS Act rules are finalized, this figure will continue to rise.
Stablecoins are now a real, substantial buyer in the U.S. Treasury market. The U.S. fiscal framework is starting to make room for stablecoins, and the underlying U.S. dollar is becoming more deeply tied to the crypto market.
$BTC $ETH