tether is holding 127bn of US debt now.
Discussion
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
They also hold a sizeable amount of bitcoin. Luxembourgs 1% allocation is in the news, but they hold north of $400bn of US debt.
#gold #bitcoin