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Four Major USD Stablecoin Issuers Hold Approximately $182.4 Billion in US Treasury Bonds, Surpassing South Korea and UAE
Summary: According to Cryptoslate, the four major USD stablecoin issuers collectively hold approximately $182.4 billion in US Treasury bonds, ranking 17th in the US Department of the Treasury's list of holdings by country, surpassing South Korea and the UAE, and trailing only Norway. Tether's first quarter report showed holdings of $120 billion in US Treasury bonds, ...
According to Cryptoslate, the four major USD stablecoin issuers collectively hold approximately $182.4 billion in US Treasury bonds, ranking 17th in the US Department of the Treasury's list of holdings by country, surpassing South Korea and the UAE, and trailing only Norway. Tether's first quarter report showed holdings of $120 billion in US Treasury bonds, with CEO Paolo Ardoino stating at the end of May that the figure had exceeded $125 billion. Circle holds $55.2 billion in US Treasury bonds and overnight repurchase agreements, First Digital holds approximately $1.3 billion in Treasury bonds, and Paxos holds around $880 million.
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Link: Four Major USD Stablecoin Issuers Hold Approximately $182.4 Billion in US Treasury Bonds, Surpassing South Korea and UAE [Copy]
