Chinese Holdings of US Treasuries Plummet as Beijing Reduces USD Reliance

Chinese holdings of US treasuries plummet as Beijing reduces USD reliance

The People’s Bank of China's governor recently announced plans to weaken reliance on foreign currency and strengthen the Chinese yuan

The stablecoin market may pose a risk to US Treasuries

Messari, a leading provider of crypto market intelligence products, published a 100-page report on the stablecoin market, highlighting its growth, regulatory landscape, and future potential. The stablecoin market cap has now crossed the $250 billion mark, with stablecoin transfers now competing with networks like Visa, PayPal, and ACH, all thanks to the formation of clearer regulations. The report also highlighted Tether’s dominance in CEX colla…

China optimizes foreign exchange reserve structure

Economists and policy advisers have said that it is a strategic necessity for China to further scale back holdings in United States government debt in order to safeguard national financial stability, amid waning confidence in the dollar-based system and persistent geopolitical tensions.

China Now Dumps US Treasuries For The Third Consecutive Month

Discover how China is strategically reducing its US treasuries and boosting gold reserves to navigate economic uncertainties.

China Dumps US Treasuries for Third Straight Month While Stockpiling $247,876,656,239 in Gold: Report - The Daily Hodl

China has lowered its US Treasury holdings for the third month in a row, opting to hoard large amounts of gold bullion instead. According to the latest data from the US Treasury, China lowered its T-Bill holdings by $900 million, from $757.2 billion in April to $756.3 billion in the month of May. The sell-off marks China’s third straight shedding of Treasuries since February, when the Asian powerhouse held $784.3 billion worth of US bonds. Meanw…

China Dumps US Treasuries for Third Straight Month While Stockpiling $247,876,656,239 in Gold: Report

China has lowered its US Treasury holdings for the third month in a row, opting to hoard large amounts of gold bullion instead. According to the latest data from the US Treasury, China lowered its T-Bill holdings by $900 million, from $757.2 billion in April to $756.3 billion in the month of May. The sell-off... The post China Dumps US Treasuries for Third Straight Month While Stockpiling $247,876,656,239 in Gold: Report appeared first on Daily …