Stablecoins Divert Funds From Treasuries Risks Higher Borrowing Costs
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最新报道：Stablecoin issuers like Tether and Circle are diverting significant funds from U.S. Treasuries, potentially raising borrowing costs for the government, according to a JPMorgan report. The report highlights that stablecoins now hold over $120 billion in Treasury securities, comparable to money market funds. This shift could reduce demand for Treasuries at auctions, increasing yields and federal borrowing expenses. Analysts warn that rapid stablecoin growth may further strain Treasury markets, especially if issuers prioritize short-term bills over longer-dated bonds. The trend underscores stablecoins' growing influence on traditional finance.
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