Stablecoin issuers hold large amounts of US Treasury bonds, potentially impacting the stability of the US economy and banking industry.

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[Chain News] PANews reported on August 9 that Circle and some stablecoin issuers are absorbing more U.S. Treasury bonds than most countries, which could reshape the U.S. economy. One stablecoin issuer disclosed that it holds more than $100 billion in U.S. Treasury securities, surpassing countries like the UAE and Germany. However, while cryptocurrency supporters believe that stablecoins will help solidify the dollar's dominance globally, critics warn that even if stablecoins represent only a small part of the overall market, they could lead to financial instability in the banking sector, as stablecoins might siphon funds away from bank deposits, and since deposits are a necessary liquidity for loans, stablecoins could pose a threat to the credit system.

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CryptoGoldminevip
· 18h ago
100 billion US debt Holdings The data explains everything stablecoin ROI is better than the traditional banking system
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DataBartendervip
· 08-09 10:43
Upon closer thought, isn't this just a form of controlling the US dollar?
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TrustMeBrovip
· 08-09 10:38
The regulatory net is closing in at a glance.
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TokenUnlockervip
· 08-09 10:28
This thing will be a bomb in the future, right?
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NeverVoteOnDAOvip
· 08-09 10:19
No doubt it's a Financial Institution in the Be Played for Suckers industry.
View OriginalReply0
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