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USD Stablecoin Daily Trading Volume Exceeds BTC and ETH Since June, Standard Chartered Predicts Stablecoin Issuers to Become Second Largest Buyer of US Bonds Within Three Years
Summary: According to BusinessLIVE, the daily trading volume of USD stablecoins has exceeded $100 billion since June, significantly surpassing the trading volume of Bitcoin and Ethereum. Based on the quarterly reports of Tether and Circle, it can be estimated that out of the total $250 billion USD stablecoins, US bonds account for at least 80% of ...
According to BusinessLIVE, the daily trading volume of USD stablecoins has exceeded $100 billion since June, significantly surpassing the trading volume of Bitcoin and Ethereum. Based on the quarterly reports of Tether and Circle, it can be estimated that out of the total $250 billion USD stablecoins, US bonds account for at least 80% of the reserve assets, which translates to an additional demand of $200 billion for US bonds.
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Link: USD Stablecoin Daily Trading Volume Exceeds BTC and ETH Since June, Standard Chartered Predicts Stablecoin Issuers to Become Second Largest Buyer of US Bonds Within Three Years [Copy]
