As foreign investors dump $29 billion in Treasury bills, Washington pivots to stablecoin issuers to back US debt

Foreign investors sent a net $133.5 billion into US financial markets in June. During the same month, they sold $29 billion of Treasury bills. Those numbers describe two different tides in the same month. Most of the incoming money went into US stocks, while demand for government debt was much weaker. Foreign buyers purchased $181.4 […] The post As foreign investors dump $29 billion in Treasury bills, Washington pivots to stablecoin issuers to back US debt appeared first on CryptoSlate.