PANews, citing Fortune, reports that Circle and Tether's acquisition of over $100B in U.S. Treasury bonds, surpassing several national holdings, may reshape the U.S. economy amid financial stability concerns.
According to PANews citing Fortune on August 9, stablecoin issuers, notably Circle and Tether, have acquired over $100B in U.S. Treasury bonds, outpacing many countries. Supporters argue this could reinforce the dollar's global dominance, while critics caution it might lead to financial instability in the banking sector.