📊 DATA: Foreign investors sold $29B of Treasury bills in June as stablecoin issuers emerged as a growing buyer class for short-term US debt. The catch: recent stablecoin issuance was far too small to explain that sale—there’s no evidence of a direct handoff. https://cryptoslate.com/as-foreign-investors-dump-29-billion-in-treasury-bills-washington-pivots-to-stablecoin-issuers-to-back-us-debt/(CryptoSlate)