The U.S. Treasury’s report shows tokenized assets could drive significant demand for Treasuries, especially during crypto downturns. As Digital Assets Grow, Treasury Demand Finds Strength in Tokenized Safe Havens The U.S. Treasury Department released its Q4 2024 Treasury Borrowing Advisory Committee (TBAC) Quarterly Report on Wednesday, examining how digital assets, including bitcoin and tokenization, are…
October 31, 2024 at 02:20 PM GST updated: October 31, 2024 at 12:30 PM 2 mins read News Stablecoins now drive significant Treasury bill demand, with $120B in collateral tied to T-bills and repos. Treasury warns of stablecoin risks, noting past financial crises and potential for T-bill market disruptions. Tokenization of T-bills via blockchain is…
The Treasury Department sign fell sharply as Treasury Secretary Janet Yellen faced a tough question about the U.S. dollar’s reserve currency status being at risk. Treasury Sign Drops — Yellen Steadies Herself and Defends US Dollar’s Reserve Currency Status U.S. Treasury Secretary Janet Yellen discussed key elements of the U.S. economic strategy last week at…
The US Department of the Treasury announced that it has prevented and recovered over $4 billion in fraud and improper payments during the 2024 fiscal year, leveraging machine learning and artificial intelligence (AI) technologies. According to the Treasury’s Oct. 17 statement, this $4 billion figure includes funds both recovered and those stopped before fraudulent transactions…