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The US stablecoin bill may boost demand for US Treasury bonds, with Tether becoming the 19th largest holder of US Treasuries.

GateNews

According to Gate News bot, The Block reported that American tech investor David Sacks discussed the GENIUS Act stablecoin bill in an interview with CNBC. He pointed out that once the bill is passed, the stablecoin market size will expand from the current $200 billion to several trillion dollars.

According to the data, Tether currently holds nearly $120 billion in U.S. bonds, surpassing Germany and becoming the 19th largest holder of U.S. bonds in the world.

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