The US federal debt exceeds $39 trillion, but foreign ownership of US Treasuries has dropped from nearly 49% in 2011-2012 to about 30-32% today. Traditional foreign buyers like China are reducing their holdings, while domestic investors and the Federal Reserve fill the gap. Notably, Tether, a stablecoin issuer, became one of the top net buyers of US Treasuries in 2024, purchasing $33.1 billion. Tether backs its stablecoins with short-dated Treasuries, creating a feedback loop where increased USDT adoption drives more Treasury purchases. This shift could impact both crypto and traditional markets, especially if regulatory changes mandate stablecoin issuers to hold more Treasuries, potentially making crypto a larger structural buyer of US debt.
Mubadala Capital, Abu Dhabi's sovereign-linked investment arm, launched a $75 million tokenized version of its Alternative Solutions Fund across three blockchains: Coinbase’s Base, Solana, and Sui. This move makes private market investments more acce...
The Verus-Ethereum Bridge suffered a second security breach in just over two months, with attackers stealing between $7.3 million and $7.5 million in various digital assets. This follows a similar exploit in May that resulted in losses of about $11.6...
Beefy Finance has introduced its Cowcentrated Liquidity Manager (CLM) on Ethereum mainnet, automating the management of concentrated liquidity positions on Uniswap V3 for top trading pairs like AAVE-WETH and UNI-WETH. The CLM pools user deposits, aut...
An arbitrator ruled in favor of Circle in a legal dispute with Heka Funds over stablecoin redemption limits, rejecting Heka's $49 million lost-profits claim. The case revealed how Circle, issuer of USDC, suspended Heka's redemption access after initi...
A court filing alleges that Tether, the largest stablecoin issuer, influenced US stablecoin legislation through Howard Lutnick, its banker and Cantor Fitzgerald executive. Senators Warren and Wyden question a loan from Tether to a trust benefiting Lu...
