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Stablecoin giants are the hidden big buyers of U.S. Treasury bonds.
Tether and Circle hold over $182.4 billion of US Treasuries.
This number is even greater than what the entire countries of South Korea and the UAE hold.
What lies behind this is: Web3 is aggressively penetrating the veins of traditional finance.
Stablecoins are no longer just tools for depositing and withdrawing funds.
More like a giant USD liquidity reservoir and distribution network.
The regulatory direction of this thing in the future,
It is likely to directly stir the flow of global capital.
#crypto #market