Stablecoins have become major players in the US Treasury bond market, with holdings reaching approximately $180 billion. As of August 25, 2025, data from Bitwise Asset Management reveals that stablecoins have surpassed countries such as Germany, South Korea, and the UAE, ranking as the 16th largest holder of US Treasuries globally. This marks a significant milestone, underscoring the increasing influence of stablecoins in the financial sector, particularly in the realm of government debt holdings.