Stablecoin issuers have replaced 40% of China’s lost US Treasury demand

T2Covered by 1 source · first reported by The Defiant / DL News / Protos / CryptoSlate at 02 Oct, 21:50 UTC

Stablecoin issuers are emerging as a new source of demand for US government debt as foreign official holdings lose ground. Tether and Circle have increased their Treasury securities and repurchase-agreement holdings by about $200 billion over the past five years, equivalent to more than 40% of the…