EconomyStablecoin issuers have replaced 40% of China’s lost US Treasury demand
Researchers at the Federal Reserve Bank of San Francisco say Tether and Circle added about $200 billion in Treasuries and repurchase agreements over five years, equal to more than 40% of China’s decline in Treasury holdings. Stablecoin issuers are becoming a significant new source of demand, although they mainly buy short-term bills and cannot fully replace China’s longer-term demand.
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CryptoSlate★★★☆☆2026-10-02 21:50Original
Stablecoin issuers have replaced 40% of China’s lost US Treasury demand
Economy