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Stablecoin issuers hold more US debt than Berkshire Hathaway: Report

08/23/2022

Less than a minute

2022.08.23 02:06

Stablecoin issuers hold more US debt than Berkshire Hathaway: Report

Stablecoin issuers like Tether (USDT) and Circle have accumulated a significant share in the United States Treasury market, outperforming major traditional finance players.

Various stablecoin providers collectively held $80 billion worth of short-term U.S. government debt as of May 2022, according to a study by the investment bank JPMorgan (NYSE:JPM) released on Aug. 16.

08/23/2022

Less than a minute

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