Loop Crypto reposted this
Tether.io and Circle hold a lot of US treasury bonds, but are their holdings actually significant when we look at the overall size of US debt? This is a question I’ve been wanting to dig into after there was some chatter several months back about the role stablecoins could play as part of a solution to the US debt crisis. In the article below, I took a deep dive into US debt and the scale at which players like Tether and Circle have become factors in US debt markets. I wrapped up the piece by posing a couple questions I think we need to keep top of mind as the stablecoin market cap continues to grow in the years ahead. https://lnkd.in/eRA4feqa