Four major stablecoin issuers collectively hold $182 billion in US Treasury bills, a sum that would rank them 17th among global sovereign holders. Tether leads the group with over $125 billion in Treasuries, while Circle, First Digital, and Paxos also hold significant positions. This growing demand highlights stablecoins’ deepening ties to traditional finance and US debt markets.
- Tether holds over $125B in US Treasuries—more than Germany, UAE, and Spain’s sovereign reserves.
- Stablecoin issuers’ $182B Treasury holdings would rank 17th globally, just below Norway.
- Proposed US and EU regulations may mandate stablecoin reserves be held in cash or short-term Treasuries.
📎 Related coverage from: cryptoslate.com
