What changed
Tether and Circle have increased their Treasury securities and repurchase-agreement holdings by about $200 billion over the past five years, equivalent to more than 40% of the decline in China’s Treasury holdings over the same […] The. Stablecoin issuers have replaced 40% of China’s lost US Treasury demand Stablecoin issuers are emerging as a new source of demand for US government debt as foreign official holdings lose ground
Why it matters
Regulatory risk around USDT can change volatility, liquidity, or sentiment. The concrete detail to watch is tether and Circle have increased their Treasury securities and repurchase-agreement holdings by about $200 billion over the past five years, equivalent to more than 40% of the decline in China’s Treasury holdings over the same […] The.
Trading lens
Use this as watchful context from cryptoslate.com. Watch whether stablecoin issuers have replaced 40% of China’s lost US Treasury demand confirms momentum, invalidates active bias, or changes timing.