Stablecoins Surpass Nations as Major U.S. Treasury Holders After GENIUS Act

TLDR: Tether holds $141B in U.S. Treasury exposure, ranking it 17th among all global government debt holders. The GENIUS Act legally requires stablecoin issuers to back every token with T-bills or dollar equivalents. China cut $86B in Treasury holdings as Japan signals drawdown, opening demand gaps stablecoins now fill. Apollo projects the stablecoin market could [...]

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