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The rise of stablecoins and implications for Treasury markets

Brookings Institution··market

Brookings analysts examine how the rapid growth of stablecoin reserves invested in U.S. Treasury bills is reshaping demand, liquidity dynamics, and policy oversight across the short-term funding market.

stablecoin:USDTstablecoin:USDCissuer:Tetherissuer:Circleregulator:Federal Reserveregulator:U.S. Treasury

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