The four major USD stablecoin issuers hold 182.4 billion USD in U.S. Treasury bonds, surpassing South Korea and the UAE.

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According to Deep Tide TechFlow news on July 9, as reported by CryptoSlate, the four major US dollar stablecoin issuers collectively hold approximately $182.4 billion in US Treasury bonds. When viewed as a whole, this amount would rank 17th in the holdings of the US Treasury by country, surpassing South Korea and the UAE, and only behind Norway.

Tether's USDT has the largest share, with the first quarter certification showing holdings of 120 billion USD in government bonds. CEO Paolo Ardoino stated at the end of May that this number has exceeded 125 billion USD. Circle's USDC holds 55.2 billion USD (in government bonds and overnight repurchase agreements), First Digital's FDUSD holds approximately 1.3 billion USD in government bonds, and Paxos's PYUSD holds about 880 million USD.

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