ChainCatcher news, according to Fortune, stablecoin issuers like Circle and Tether are consuming more U.S. Treasury bonds than most countries, which could reshape the U.S. economy. Tether's latest disclosures show it holds over $100 billion in U.S. Treasury securities, surpassing countries like the UAE and Germany.

However, while supporters of cryptocurrency believe that stablecoins will help solidify the dollar's dominance globally, critics warn that even though stablecoins represent only a small part of the overall market, they could lead to instability in the banking sector, as stablecoins might siphon funds away from bank deposits, and since deposits are a necessary liquidity for loans, stablecoins could very likely threaten the credit system.