Stablecoins hold nearly $200 billion in US debt, but money funds bought the surge

Stablecoins held nearly $200 billion in U.S. debt, but money-market mutual funds absorbed about 85% of more than $550 billion in new bill supply during July and August, according to Treasury data. The full report can be found on CryptoSlate.

Sources

• CryptoSlate — Stablecoins hold nearly $200 billion in US debt, but money funds bought the surge

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