US Treasury: Stablecoin issuers hold nearly $200B in short-term government debt
- —Stablecoin issuers hold about $200 billion in short-term US government securities
- —Issuers keep a large share of reserves in Treasuries and short-term government paper
- —Treasury expects holdings to rise after GENIUS Act rules are finalized
Why it matters: Stablecoin issuers are becoming a major holder of US government debt, and GENIUS Act rules could further boost demand for short-term Treasuries.
Source: Bloomingbit