Summary
- It was revealed that stablecoins hold approximately $180 billion in US Treasuries.
- The amount held by stablecoins surpasses major countries including Germany, South Korea, and the United Arab Emirates.
- The stablecoins’ status of Treasury utilization is expected to act as a key indicator for virtual asset investment.
Stablecoins, virtual assets whose value is tied to fiat currencies and use US Treasury bonds as collateral assets, have surpassed major countries in holdings of US Treasuries.
According to data shared by Bitwise Asset Management on the 25th (KST), stablecoins currently hold about $180 billion in US Treasuries. This figure exceeds the holdings of countries such as Germany, South Korea, and the United Arab Emirates (UAE).
Uk Jin
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