US Treasury Says Stablecoin Issuers’ Short-Term Treasury Holdings Near $200 Billion
JH Kim
Summary
- Stablecoin issuers’ holdings of US short-term Treasuries have approached $200 billion, the report said.
- Stablecoin issuers now hold about $200 billion in short-term US government securities, according to the report.
- The Treasury Department said the stablecoin market’s short-term Treasury holdings are set to increase further as detailed rules for the GENIUS Act are finalized.
Forecast Trend Report by Period
Stablecoin issuers’ holdings of short-term US Treasuries have approached $200 billion.
Cointelegraph, a cryptocurrency-focused media outlet, reported on September 22 that stablecoin issuers now hold about $200 billion in short-term US government securities.
The Treasury Department said holdings in the stablecoin market are set to increase further as detailed rules related to the GENIUS Act are finalized.
Stablecoin issuers invest a substantial share of their reserve assets in short-term government securities, including US Treasuries.
JH Kim
reporter1@bloomingbit.ioHi, I'm a Bloomingbit reporter, bringing you the latest cryptocurrency news.