FOR THIS REASON, THE U.S. PROMOTES #BLOCKCHAIN AND #CRYPTO TECHNOLOGY (NOTHING IS COINCIDENTAL).
👉Tether reported $137 BILLION in U.S. Treasury bond holdings, making the company the 17th largest holder of U.S. debt.
▫️Tether takes the "invested" capital in $USDT for its backing, lends it to the U.S. government (buys bonds), and collects the yield.
👉But it’s not just Tether, it’s ALL stablecoins
▫️Circle, creator of $USDC, has around $55-60 billion in U.S. bonds
▫️Paxos, creator of PYUSD and USDP, has over $10B in U.S. bonds
▫️This is why Trump and the U.S. want to approve the structure of the #crypto market, to ACCELERATE this trend
👉On the other hand, most stablecoins in the market (more than 90%) are denominated in dollars
More USD stablecoins = more dollar dominance
👉Finally, starting in 2024, giants like BlackRock (with its iShares Bitcoin Trust - IBIT), Fidelity, Grayscale, and others manage billions in spot Bitcoin and Ethereum ETFs
▫️These funds attract massive institutional investment from around the world into crypto assets, but capital flows through regulated markets in the U.S., generating commissions, taxes, and economic activity on Wall Street
📍The U.S. has realized that it cannot fight against #cryptocurrencies... And not only that... It has realized that it is beneficial to ADOPT THEM.
👉Tether reported $137 BILLION in U.S. Treasury bond holdings, making the company the 17th largest holder of U.S. debt.
▫️Tether takes the "invested" capital in $USDT for its backing, lends it to the U.S. government (buys bonds), and collects the yield.
👉But it’s not just Tether, it’s ALL stablecoins
▫️Circle, creator of $USDC, has around $55-60 billion in U.S. bonds
▫️Paxos, creator of PYUSD and USDP, has over $10B in U.S. bonds
▫️This is why Trump and the U.S. want to approve the structure of the #crypto market, to ACCELERATE this trend
👉On the other hand, most stablecoins in the market (more than 90%) are denominated in dollars
More USD stablecoins = more dollar dominance
👉Finally, starting in 2024, giants like BlackRock (with its iShares Bitcoin Trust - IBIT), Fidelity, Grayscale, and others manage billions in spot Bitcoin and Ethereum ETFs
▫️These funds attract massive institutional investment from around the world into crypto assets, but capital flows through regulated markets in the U.S., generating commissions, taxes, and economic activity on Wall Street
📍The U.S. has realized that it cannot fight against #cryptocurrencies... And not only that... It has realized that it is beneficial to ADOPT THEM.