Foreign net purchases of U.S. T-bills fell 80% in the past 12 months, to $49.4 billion from $250.5 billion, according to Gabor Gurbacs. Stablecoin issuers now hold nearly $200 billion of T-bills and similar short-dated Treasury instruments.
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Foreign net purchases of U.S. T-bills fell 80% in the past 12 months, to $49.4 billion from $250.5 billion, according to Gabor Gurbacs. Stablecoin issuers now hold nearly $200 billion of T-bills and similar short-dated Treasury instruments.
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