PANews reported on June 20 that according to CoinDesk, stablecoin issuers have become the 18th largest holder of U.S. Treasury bonds. Tagus Capital data shows that stablecoin issuers currently hold more than $120 billion in U.S. Treasury bonds. Tether Ltd, the issuer of Tether (USDT), alone holds about $91 billion in U.S. Treasury bonds, while Circle, the issuer of USDC, holds $29 billion worth of short-term U.S. bonds (including repurchase agreements).