Stablecoin Purchases Drive $109 Billion in US Treasury Bill Investments

Between July and November 2025, stablecoin issuers purchased a staggering $109 billion worth of US Treasury bills. This surge stems from new regulations requiring full backing of digital dollar tokens with government debt, as detailed by the Guiding and Establishing National Innovation for US Stablecoins (GENIUS) Act. The law shifts regulatory control from the Federal Reserve to the Treasury Department, creating a reliable funding mechanism for federal operations.