San Francisco Fed: Tether and USD Coin added $200B in Treasuries and repos
- —Holdings grew more than tenfold over five years
- —$200B increase exceeds 40% of China's decline
- —Tether and USD Coin hold over 80% of the stablecoin market
- —Short-term Treasury demand could reach $400B by end-2030
Why it matters: Stablecoin issuers are becoming major holders of US government debt, giving them growing influence over short-term funding markets and drawing regulatory scrutiny.
Source: TokenPost