Stablecoin issuers have replaced 40% of China’s lost US Treasury demand

Written and edited by the WorldPing NewsdeskPublished Updated Original reporting: CryptoSlate
Stablecoin issuers have replaced 40% of China’s lost US Treasury demandWorldPing
Image via CryptoSlate.

What happened

Stablecoin issuers are emerging as a new source of demand for US government debt as foreign official holdings lose ground.

Key facts

  • Reported by CryptoSlate and published Fri, 02 Oct 2026 21:50:39 UTC.

Why it matters

Digital-asset markets react to catalysts within minutes, and liquidity, ETF flows and regulatory signals are usually what decide whether a move sticks.

What to watch next

  • Whether spot volume and open interest confirm the move
  • Liquidation clusters around the current price
  • ETF flow data and any regulatory follow-up

Coverage timeline

When each newsroom published on this story, oldest first — all times UTC.

  1. ‘Euro stablecoin isn’t enough’: EU issuers make case for USD tokens

  2. Evernorth’s Nasdaq XRP treasury is approved, but its real buying power isn’t the $300 million expected

  3. Meet the New Bitcoin Treasury Firm That Already Plans to Sell BTC

  4. Circle Pushes Back on MiCA's Bank-Deposit Mandate for Stablecoins

  5. Stablecoin issuers have replaced 40% of China’s lost US Treasury demand

Sources

The original report was published by CryptoSlate. WorldPing does not claim that reporting — this page summarises and contextualises it.

Read the full report at CryptoSlate

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Related WorldPing coverage

Circle Pushes Back on MiCA's Bank-Deposit Mandate for StablecoinsWorldPing
Decrypt

Circle Pushes Back on MiCA's Bank-Deposit Mandate for Stablecoins

The USDC issuer told the European Commission that MiCA's reserve mandates and concentration caps keep the largest global stablecoins outside Europe's perimeter—siding with the ECB in calling for more flexible rules.

Brief by WorldPing · Original reporting by Decrypt