The European Central Bank report indicates that stablecoins may pose risks to financial stability, especially when investors lose confidence in their redemption capabilities. Tether and Circle, as the largest holders of U.S. Treasury bonds, may trigger a bank run that could lead to the dumping of reserve assets, impacting the $25 trillion U.S. Treasury market. Despite pressures on the banking sector, the United States continues to support the stablecoin industry, with related regulations such as the GENIUS Act aimed at dropping risks.

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BornForGood3913vip
· 11-25 01:53
Odaily News D.O.G.E (Department of Efficiency of the U.S. Government) issued a statement on the X platform, stating that reports by Reuters about its demise are fake news. The department will resume its regular updates on Friday in a few days. The American people have authorized President Trump to modernize the federal government and reduce waste, fraud, and abuse. Just last week, the department terminated 78 wasteful contracts, saving taxpayers $335 million.
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