Wu said daily selection of encryption news - The four major issuance institutions of US dollar stablecoin collectively hold approximately 182.4 billion USD in US Treasury assets.

1. The four major US dollar stablecoin issuance institutions collectively hold approximately 182.4 billion US dollars in US Treasury assets.

Tether, Circle, First Digital, and Paxos, four issuers of US dollar stablecoins, collectively hold approximately $182.4 billion in US Treasury assets, surpassing South Korea and the UAE, ranking 17th in the US Treasury's "country debt ranking," just behind Norway's $195.9 billion. Among them, Tether is the largest, with the CEO stating that it holds over $125 billion in Treasury securities; Circle manages $55.2 billion in short-term Treasury bonds and repurchase agreements through a fund under BlackRock; First Digital and Paxos hold approximately $1.3 billion and $880 million in Treasury-like assets, respectively. Stablecoin issuers generally rely on T+0 settlement of short-term US Treasuries to ensure liquidity, with current Treasury yields exceeding 5%, making them a mainstream stablecoin asset reserve.

Read the original text

2. Bloomberg: Tether holds $8 billion worth of gold in a self-built vault in Switzerland.

Tether announced that it has built a vault in Switzerland, currently storing gold worth approximately 8 billion dollars. The company stated that the vault is independently constructed and operated by Tether, with its specific location not disclosed, aiming to reduce long-term custody costs and expand gold asset allocation. Tether's CEO Paolo Ardoino stated that gold is safer compared to fiat currencies, and if regulations on stablecoins tighten in the future in Europe and the United States, Tether may need to adjust its gold holdings structure to meet regulatory requirements.

Read the original text

3. The SEC is considering establishing a new framework to expedite the approval process, with a draft of the framework expected to be released this month.

The U.S. Securities and Exchange Commission (SEC) is considering establishing a new framework to expedite the approval process, with several crypto spot ETFs on the verge of approval. Previously, crypto journalist Eleanor Terrett disclosed that the new framework may allow exchanges to directly list eligible crypto ETFs according to unified standards, without having to submit individual 19b-4 documents to the SEC, allowing trading platforms to launch them after a 75-day wait. Bloomberg Industry Research ETF analyst James Seyffart expects the draft framework to be released this month, with implementation in September or October, at which point the floodgates for other crypto asset ETFs will open.

Read the original text

4. Bitwise: ETH, SOL, XRP, LINK are currently the "cleanest" investment targets.

Asset management company Bitwise stated that as real-world assets (RWA) such as stocks and bonds accelerate onto the blockchain, tokenization is entering a real phase, and ETH, SOL, XRP, and LINK are the "cleanest" ways to position for this trend. Bitwise emphasized that the global stock and bond market is worth up to $257 trillion, and even if only 1%-5% is tokenized, it will unlock incremental value in the trillions.

Read the original text