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Tether holds over 100 billion in US Treasury bonds, and stablecoins may reshape the US economy.
According to reports from 【Coin World】, an analysis by Fortune magazine points out that stablecoin issuers like Circle and Tether are absorbing more U.S. Treasury debt than most countries, which could reshape the U.S. economy. Tether's latest disclosures show that it holds over $100 billion in U.S. Treasury bonds, surpassing countries like the UAE and Germany. While supporters of Crypto Assets believe that stablecoins will help solidify the dollar's dominance globally, critics warn that even a small share of stablecoins in the overall market could lead to instability in the banking sector, as stablecoins may siphon off funds from bank deposits, which are necessary liquidity for loans, thereby posing a significant threat to the credit system.