🧵 1. Stablecoin issuers are now the 18th largest US Treasury holder, indicating their growing significance in the digital asset sector, according to a recent report by Bernstein. #crypto
🧵 1. Stablecoin issuers are now the 18th largest US Treasury holder, indicating their growing significance in the digital asset sector, according to a recent report by Bernstein. #crypto
🧵 2. The circulating supply of stablecoins has exceeded $178 billion, attracting attention from traditional finance institutions like Revolut and PayPal entering the market.
🧵 3. Tether's USDT market cap has surpassed $118 billion, dominating over 75% of the stablecoin market share, encouraging further interest in the digital asset arena.
🧵 4. The rise of stablecoin adoption has led to the launch of new stablecoin options by companies like PayPal and Revolut, as well as by crypto mainstay Ripple with RLUSD.
🧵 5. Stablecoins are now deemed "systemically important" by Bernstein, serving international individuals by granting access to USD savings and expanding their usage beyond the crypto realm.
🧵 Read more at: https://watcher.guru/news/stablecoin-issuers-are-18th-largest-us-treasury-holder-bernstein