$165b in U.S. Treasury bills held by crypto stablecoins, Tomasz Tunguz notes

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$165b in U.S. Treasury bills held by crypto stablecoins, Tomasz Tunguz notes — Crypto stablecoins top U.S. debt holders

Tomasz Tunguz highlights the growing influence of crypto in traditional finance, noting that stablecoin issuers now hold $165 billion in U.S. Treasury bills.

He points out that this amount surpasses the holdings of countries like China, Norway, and Switzerland, making crypto a top-10 holder of U.S. government debt.

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Tunguz has previously tracked large-scale trends in technology and finance. He highlighted how SAP has outpaced other data-focused companies in both size and growth. In another analysis, he reported that Coinbase maintained stable costs while seeing exponential growth in token usage.

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