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Stablecoins hold nearly $200 billion in US debt, but money funds bought the surge
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5 Articles
Stablecoins Hold Nearly $200B in US Debt as Money Funds Dominate Treasury Demand
TL;DR Stablecoin issuers hold nearly $200 billion in short-term US government debt , reinforcing their growing role in Treasury markets. However, money-market funds absorbed about 85% of more than $550 billion in new Treasury bill supply during July and August. Reserve structures can also overlap,...
Key Points of the News Stablecoins issuers hold nearly $200 billion in short-term government debt, reinforcing their growing share in the Treasuries markets. However, money market funds absorbed about 85% of more than $550 billion in new Treasury letter offerings during the last few months of the ... Read more
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