EddieJayonCrypto

 19 Sep 24

tl;dr

Stablecoin issuers have become the 18th largest holder of U.S. Treasuries, with the total circulation of stablecoins reaching an all-time high of $170 billion. The report by Bernstein describes these coins as "systemically important" and highlights their role in providing USD savings access to inter...

Stablecoin issuers have reached a significant milestone, becoming the 18th largest holder of U.S. Treasuries with a total circulation of $170 billion. This growth reflects their increasing importance in providing USD savings access to international users.

Competition in the stablecoin and digital asset market is intensifying, with new offerings such as BitGo's USDS and Coinbase's cbBTC. Additionally, stablecoins are now being used for non-crypto purposes, such as cross-border payments and savings, with a record 22 million monthly active wallets.

Tether (USDT) leads in circulation with $120 billion, followed by Circle’s (USDC) at $35 billion. Meanwhile, new entrants like PayPal’s PYUSD are gaining traction, shaping the landscape of stablecoin issuers.

The profitability of stablecoin businesses is evident, with float income from U.S. treasuries contributing to their success. This has positioned stablecoin issuers among major sovereign holders, highlighting their financial impact and reach.

More about Masco Corporation
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Masco Corporation is a manufacturer of products for the home improvement and new home construction markets.

Sector: Manufacturing

Industry: Heating Equip, Except Elec & Warm Air; & Plumbing Fixtures

Market Cap: 17.83B

P/E Ratio: 19.97

EPS: 1.155

ROE: 4.09%

52-Week High: 35.49

52-Week Low: 0.116

Revenue: 7.878B

Operating Margin: 8.26%

Dividend: 0.009

Beta: -0.017

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 22 Dec 24
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