Stablecoin Providers Own More US Debt Than Warren Buffett's Berkshire

A JP Morgan report published this month has revealed that stablecoin issuers such as Tether (USDT), Circle, and other stablecoin firms controlled more Treasury bills compared to Warren Buffett’s Berkshire Hathaway. As of May this year, different stablecoin providers owned approximately $80 billion in short-term U.S. government debt in total.