【Analysis: Stablecoin issuers like Circle and Tether are consuming U.S. Treasuries, which may threaten the credit system】According to Golden Finance reports, a magazine article analyzes that stablecoin issuers like Circle and Tether are consuming more U.S. Treasuries than most countries, which could reshape the U.S. economy. Tether's latest disclosure shows it holds over $100 billion in U.S. Treasury bills, more than countries like the UAE and Germany. While cryptocurrency supporters believe stablecoins will help solidify the dollar's dominance globally, critics warn that even a small share of stablecoins in the overall market could lead to financial instability in the banking sector, as stablecoins may siphon off funds from bank deposits, which are essential liquidity for loans, thus stablecoins are likely to threaten the credit system.