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Stablecoin Issuers Collectively Become the 18th Largest Holders of US Debt

Stablecoin issuers now hold over $120 billion in US Treasury notes, becoming the 18th largest holder of US Debt and overtaking numerous nations. Out of the $120 billion, Circle holds about $29 billion and Tether holds a whopping $91 billion. The former holds short-dated US Debt, like repos, and the latter holds Treasuries. However, concerns begin to mount as demand for US Debt grows in the crypto industry and elsewhere, and the US needs to consider appropriate debt management measures....

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Stablecoins Could Capture 10% of Global Economy in the Next Decade: Circle CEO

Circle CEO Jeremy Allaire has stated that stablecoins could account for 10% of “global economic money” within the next decade or so. Allaire shared his vision in a June 19 X post, revealing the biggest reasons he’s “more optimistic” about crypto and stablecoins than ever before. Stablecoins Could Revolutionize Global Economy Allaire noted that stablecoins, a ‘killer app’ for crypto, have enhanced cross-border commerce, reduced remittance costs, and provided banking solutions...

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Bitcoin, Ethereum, Meme Coins Shine With Higher Percentage of Profitable Holders

The market may have lacked luster, but investors are comfortably sitting on substantial piles of profit. Data suggest that profits are heavily focused on large-cap tokens and meme coins, while altcoins have taken a backseat. The latest findings by IntoTheBlock revealed that Bitcoin (BTC) leads the pack with 89.11% of its holders currently sitting in profit, thereby demonstrating its continued dominance in the market despite the launch of a flurry of different types of tokens...

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