Bernstein: Stablecoin circulation returns to historical highs

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ODAILY
09-19
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Odaily Odaily News Analysts at research and brokerage firm Bernstein said that blockchain-based stablecoins pegged to fiat currencies such as the US dollar are becoming "systemically important" and their issuers have now become the largest holders of US Treasuries along with sovereign states. After peaking in April 2022, the circulating supply of stablecoins is now back to an all-time high of about $180 billion. (The block)

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