# Stablecoin issuers have replaced 40% of China’s lost US Treasury demand

https://mins.news/en/item/84147

- CryptoSlate, 2026-10-02 21:50 UTC
- Economy
- Original: https://cryptoslate.com/stablecoin-issuers-have-replaced-40-of-chinas-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.