Stablecoin issuers hold more US debt than Berkshire Hathaway: Report

22 Aug 2022

Stablecoin issuers hold more US debt than Berkshire Hathaway: Report

Stablecoin issuers hold more US debt than Berkshire Hathaway: ReportStablecoin 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.U.S. Treasury bill investor composition. Source: JPMorgan

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