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US dollar demand rises as world shifts away from Treasuries, and stablecoins are filling the gap
Tether bought $33.1 billion in US Treasuries in 2024, as stablecoins become a major source of dollar demand in emerging markets while governments diversify
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Tether's USDT dominates payments while Circle's USDC leads DeFi, Dune data shows
Dune data shows USDC processed $8.3 trillion in January 2026 transfers vs USDT's $1.7 trillion, revealing how the two top stablecoins serve different
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US dollar demand rises as world shifts away from Treasuries, and stablecoins are filling the gap
Tether bought $33.1 billion in US Treasuries in 2024, as stablecoins become a major source of dollar demand in emerging markets while governments diversify