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The scale of US Treasury bonds held by stablecoins has exceeded that of Germany.

BlockBeats News, August 25th, according to data from Bitwise Asset Management, stablecoins have become significant holders of US Treasuries, with a holding size of approximately $180 billion, surpassing countries such as Germany, South Korea, and the UAE.

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The global adoption of stablecoins will drive the growth of DeFi applications, especially projects like Ethena, Ether.fi, and Hyperliquid, which will benefit from it.
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