Rescue

DeFi

<h4><strong>The report reveals that Tether has risen to become the 20th largest holder of US treasuries. Its holdings show no signs of abating.</strong></h4> 
<p>Stablecoins, such as Tether, are pegged to traditional assets like the US dollar, offering stability and <a href="https://www.altcoinbuzz.io/?s=liquidity" target="_blank" rel="noopener">liquidity</a> crucial for financial transactions in the digital realm.</p> 
<h5><strong>Tether Emerges as Top Holder of US Treasuries</strong></h5> 
<p>As digital representations of fiat currencies, they provide a bridge between traditional finance and the burgeoning world of cryptocurrencies. Stablecoins’ stability reduces volatility, appealing to investors and businesses.</p> 
<p><img decoding="async" class="wp-image-143175 aligncenter" src="https://www.altcoinbuzz.io/wp-content/uploads/2024/06/cxvfdgfdghyg-276x300.jpg" alt="" width="479" height="521" srcset="https://www.altcoinbuzz.io/wp-content/uploads/2024/06/cxvfdgfdghyg-276x300.jpg 276w, https://www.altcoinbuzz.io/wp-content/uploads/2024/06/cxvfdgfdghyg-387x420.jpg 387w, https://www.altcoinbuzz.io/wp-content/uploads/2024/06/cxvfdgfdghyg.jpg 393w" sizes="(max-width: 479px) 100vw, 479px"></p> 
<h6 style="text-align: center;"><strong>Source: <a href="https://x.com/dennis_porter_/status/1802438444830072944?s=43" target="_blank" rel="noopener">X</a></strong></h6> 
<p>The rise of <a href="https://www.altcoinbuzz.io/?s=tether" target="_blank" rel="noopener">Tether</a> as a major holder of US treasuries reflects the growing influence and acceptance of stablecoins in global financial markets. By leveraging these digital assets, investors can maintain value while participating in DeFi ecosystems that are reshaping traditional banking and payment systems.</p> 
<div class="flex-shrink-0 flex flex-col relative items-end"> 
 <div> 
  <div class="pt-0.5 juice:pt-0"> 
   <div class="gizmo-bot-avatar flex h-6 w-6 items-center justify-center overflow-hidden rounded-full juice:h-8 juice:w-8"> 
    <div class="relative p-1 rounded-sm flex items-center justify-center bg-token-main-surface-primary text-token-text-primary h-8 w-8"></div> 
   </div> 
  </div> 
 </div> 
</div> 
<div class="group/conversation-turn relative flex w-full min-w-0 flex-col agent-turn"> 
 <div class="flex-col gap-1 md:gap-3"> 
  <div class="flex flex-grow flex-col max-w-full"> 
   <div class="min-h-[20px] text-message flex flex-col items-start whitespace-pre-wrap break-words [.text-message+&amp;]:mt-5 juice:w-full juice:items-end overflow-x-auto gap-2" dir="auto" data-message-author-role="assistant" data-message-id="5dac1f0a-c1df-4fb8-a18e-c4c919377428"> 
    <div class="flex w-full flex-col gap-1 juice:empty:hidden juice:first:pt-[3px]"> 
     <div class="markdown prose w-full break-words dark:prose-invert light"> 
      <p>WSJ backs stablecoins amid rising crypto regulation scrutiny. Proponents argue stablecoins provide a regulated, secure alternative to traditional banking with faster, cost-effective cross-border transactions.</p> 
     </div> 
    </div> 
   </div> 
  </div> 
 </div> 
</div> 
<p><a href="https://www.youtube.com/watch?v=tArvurmqumY" target="_blank" rel="noopener"><img decoding="async" class="alignnone size-full wp-image-123700" src="https://www.altcoinbuzz.io/wp-content/uploads/2023/09/Alpha_website_leaderboard-banner.jpg" sizes="(max-width: 1197px) 100vw, 1197px" srcset="https://www.altcoinbuzz.io/wp-content/uploads/2023/09/Alpha_website_leaderboard-banner.jpg 1197w, https://www.altcoinbuzz.io/wp-content/uploads/2023/09/Alpha_website_leaderboard-banner-300x37.jpg 300w, https://www.altcoinbuzz.io/wp-content/uploads/2023/09/Alpha_website_leaderboard-banner-1024x127.jpg 1024w, https://www.altcoinbuzz.io/wp-content/uploads/2023/09/Alpha_website_leaderboard-banner-768x95.jpg 768w, https://www.altcoinbuzz.io/wp-content/uploads/2023/09/Alpha_website_leaderboard-banner-696x86.jpg 696w, https://www.altcoinbuzz.io/wp-content/uploads/2023/09/Alpha_website_leaderboard-banner-1068x132.jpg 1068w" alt="" width="1197" height="148"></a></p> 
<div class="youtube-embed" data-video_id="tArvurmqumY">
 <iframe title="Like Buying Solana Sol at $0.2 | HUGE Crypto TGE Events" width="696" height="392" src="https://www.youtube.com/embed/tArvurmqumY?feature=oembed&amp;enablejsapi=1" frameborder="0" allow="accelerometer; autoplay; clipboard-write; encrypted-media; gyroscope; picture-in-picture; web-share" referrerpolicy="strict-origin-when-cross-origin" allowfullscreen></iframe>
</div> 
<h6><strong>Disclaimer</strong></h6> 
<p>The information discussed by Altcoin Buzz is not financial advice. This is for educational, entertainment, and informational purposes only. Any information or strategies are thoughts and opinions relevant to the accepted risk tolerance levels of the writer/reviewers and their risk tolerance may be different than yours. We are not responsible for any losses that you may incur as a result of any investments directly or indirectly related to the information provided. Bitcoin and other cryptocurrencies are high-risk investments so please do your due diligence. Copyright Altcoin Buzz Pte Ltd.</p> 
<p>The post <a href="https://www.altcoinbuzz.io/cryptocurrency-news/wall-street-journal-stablecoins-could-rescue-us-economy/">Wall Street Journal: Stablecoins Could Rescue US Economy</a> appeared first on <a href="https://www.altcoinbuzz.io">Altcoin Buzz</a>.</p>

Wall Street Journal: Stablecoins Could Rescue US Economy

Altcoin Buzz

Other articles published on Jun 17, 2024

What Do Bitcoin and Ethereum Investors Expect and Furrever Token with Cutting-Edge 10% Referral B...

Ethereum Scaling Ecosystem Hits Record TPS

Bitcoin Miners Reach Record Market Cap Amid Industry Consolidation

How Do SoftNotes Process Bitcoin Transactions?

Australia launches first-ever spot Bitcoin ETF

Doodles Stoodio Migration To Base Includes A Free NFT Mint Event

Join our free newsletter for daily crypto updates!