The world's largest stablecoin is USDT
In May of this year, the market capitalization of USDT exceeded 150 billion USD
Just two months later
The company's CEO recently announced
That the market capitalization of USDT has surpassed 160 billion USD
According to him
More than 400 million people worldwide use USDT
Adding 35 million wallets each quarter
The issuer of USDT is Tether
As of the second quarter
Tether holds over 127 billion USD in U.S. Treasury bonds
Already the 18th largest holder of U.S. debt globally
As more USDT is issued
The amount Tether spends on U.S. Treasury bonds will also increase
This means that the U.S. Treasury is increasingly relying on private capital for funding
Last year, the global goods trade volume was approximately 49.18 trillion USD
The share of digital wallets and blockchain settlement technologies has exceeded 20%
It is expected to surpass 50% by 2032
This means that more and more stablecoins will appear in the market
For China
How could it ignore the growing trend in payment transactions?
Financial technology companies
Whether in the realm of national sovereign currency digitization
Or in the private capital stablecoin sector
