{"id":176639,"date":"2023-10-18T20:05:59","date_gmt":"2023-10-18T14:35:59","guid":{"rendered":"https:\/\/dripp.zone\/news\/?p=176639"},"modified":"2023-10-18T20:05:59","modified_gmt":"2023-10-18T14:35:59","slug":"stablecoin-companies-now-16th-largest-holder-of-u-s-treasuries-globally-report-crypto-news","status":"publish","type":"post","link":"https:\/\/dripp.zone\/news\/stablecoin-companies-now-16th-largest-holder-of-u-s-treasuries-globally-report-crypto-news\/","title":{"rendered":"Stablecoin companies now 16th largest holder of U.S. treasuries globally \u2013 report &#8211; Crypto News"},"content":{"rendered":"<p><\/p>\n<h2>Quick Take<\/h2>\n<p>With the aggregate valuation of the top five stablecoins \u2013 USDT, USDC, BUSD, DAI, and Tron \u2013 currently amounting to approximately $120 billion, stablecoins have become major holders of US Treasuries.<\/p>\n<p>Following <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/cryptoslate.com\/tether-usdt-cash-equivalents-have-increased-to-85-company-reveals\/\">concerns<\/a> over the \u201ccash and cash equivalents\u201d of stablecoin reserves earlier in the current Bitcoin cycle, stablecoin issuers like Tether began <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/cryptoslate.com\/tether-reduces-commercial-paper-exposure-to-below-50m-treasury-bills-rise-to-58-1-of-reserve\/\">migrating<\/a> to US Treasuries to reduce the risk exposure of reserves.<\/p>\n<p>Tether (USDT) leads the pack with a circulating supply of $83.5 billion, accounting for about 70% of the stablecoin market. Interestingly, this dominance has been on an upward trajectory, while the influence of USDC witnessed a decline from 38% to 21% within 16 months.<\/p>\n<figure id=\"attachment_366007\" aria-describedby=\"caption-attachment-366007\" style=\"width: 1800px\" class=\"wp-caption aligncenter\"><figcaption id=\"caption-attachment-366007\" class=\"wp-caption-text\">Aggregate Supply of Stablecoins: (Source: Glassnode)<\/figcaption><\/figure>\n<p>This high valuation places stablecoins as the 16th largest sovereign holder of U.S. treasuries, according to <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/twitter.com\/WClementeIII\/status\/1714348160011645391?s=20\">Will Clemente\u2019s<\/a> analysis using The Block\u2019s data. Clemente suggests that as demand for these digital currencies escalates, they could become even more significant.<\/p>\n<p>This evolving trend aligns with <em><a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/cryptoslate.com\/insights\/shifting-sands-japan-and-chinas-decreasing-holdings-in-u-s-treasury-securities\/\">CryptoSlate\u2019s<\/a><\/em> analysis conducted in July, which revealed that Japan and China, the two largest foreign holders of U.S. treasuries, have been reducing their holdings. Consequently, if stablecoin demand continues to surge, they could constitute a more critical segment of U.S. treasury holders, accentuating their influence in the global financial market.<\/p>\n<figure style=\"width: 900px\" class=\"wp-caption alignnone\"><img loading=\"lazy\" decoding=\"async\" src=\"https:\/\/pbs.twimg.com\/media\/F8qVfoYXAAAvM1e?format=png&amp;name=900x900\" alt=\"Stablecoins: (Source: The Block)\" width=\"900\" height=\"506\" \/><figcaption class=\"wp-caption-text\">Stablecoins: (Source: The Block)<\/figcaption><\/figure>\n<p>The post <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/cryptoslate.com\/insights\/stablecoins-surge-to-16th-largest-holder-of-u-s-treasuries-according-to-will-clemente\/\">Stablecoin companies now 16th largest holder of U.S. treasuries globally \u2013 report<\/a> appeared first on <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/cryptoslate.com\">CryptoSlate<\/a>.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Quick Take With the aggregate valuation of the top five stablecoins \u2013 USDT, USDC, BUSD, DAI, and Tron \u2013 currently amounting to approximately $120 billion, stablecoins have become major holders of US Treasuries. Following concerns over the \u201ccash and cash equivalents\u201d of stablecoin reserves earlier in the current Bitcoin cycle, stablecoin issuers like Tether began [&hellip;]<\/p>\n","protected":false},"author":2,"featured_media":176640,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[5],"tags":[230,225,221,227,226,228,229,60,223,224,222],"class_list":["post-176639","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-cryptocurrency","tag-brave","tag-coinbase","tag-crypto","tag-decentralised","tag-decentralized","tag-decentralized-exchange","tag-erc-20","tag-featured","tag-meme-coin","tag-robinhood","tag-solana"],"_links":{"self":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts\/176639","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/comments?post=176639"}],"version-history":[{"count":2,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts\/176639\/revisions"}],"predecessor-version":[{"id":176642,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts\/176639\/revisions\/176642"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/media\/176640"}],"wp:attachment":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/media?parent=176639"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/categories?post=176639"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/tags?post=176639"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}