Stablecoins now 16th largest holder of U.S. treasuries globally – report

Quick Take With the aggregate valuation of the top five stablecoins – USDT, USDC, BUSD, DAI, and Tron – currently amounting to approximately $120 billion, stablecoins have become major holders of US Treasuries. Following concerns over the “cash and cash equivalents” of stablecoin reserves earlier in the current Bitcoin cycle, stablecoin issuers like Tether began...