A research report from the Federal Reserve Bank of San Francisco found that stablecoin issuers have increased their holdings of U.S. Treasuries by about $200 billion in recent years. According to the study, that increase offset more than 40% of China’s reduction in Treasury holdings. The report points to a bigger role for stablecoin issuers in the U.S. government bond market, describing them as increasingly important participants. The item was cited by Techub, which referenced Crypto Briefing as the source.
Techub reported that a study released by the Federal Reserve Bank of San Francisco found stablecoin issuers have added about $200 billion in U.S. Treasuries in recent years.
The report said that increase offset more than 40% of China’s reduction in Treasury holdings. It also highlighted the growing role of stablecoin issuers as important participants in the U.S. Treasury market.
Techub cited Crypto Briefing in the item.
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