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Tether 是美国国债的重要参与者。
根据最新数据,Tether 持有的$127 亿美元美国国债,使其成为全球第18大持有者,仅次于沙特阿拉伯(截至2025年7月31日)。
将 Circle 纳入考虑后,顶级稳定币发行商(Tether 和 Circle)共持有约$155B 的国库券,占美国国库券总量的2.5%。
如果美元稳定币市场在3年内达到$2 万亿美元,这些发行商将成为短期国债的关键增量买家,从根本上改变债券市场格局。