tether is holding 127bn of US debt now.

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Could China build a USD stable coin to reduce their Treasury holdings?

s/holdings/exposure/g

They would keep tbills in custody for crypto bros around the world.

they have gold n bitcoin to balance out USTs

tether is authorized CBDC issuer

it's true

#gold #bitcoin

They also hold a sizeable amount of bitcoin. Luxembourgs 1% allocation is in the news, but they hold north of $400bn of US debt.