BlockBeats news, on August 9, according to (Fortune), stablecoin issuers like Circle and Tether are absorbing more U.S. Treasury bonds than most countries, which could reshape the U.S. economy. Tether disclosed that it holds over $100 billion in U.S. Treasury securities, surpassing countries like the UAE and Germany. Cryptocurrency supporters believe stablecoins will help solidify the dollar's dominance globally, but critics warn that even a small share of stablecoins in the overall market could lead to financial instability in the banking sector, potentially siphoning funds from bank deposits and reducing bank liquidity.