U.S. Government’s Crypto Power Play: How Altcoins Are Becoming a Key Asset

The U.S. government holds a diverse altcoin portfolio, including ETH, USDT, and WBTC. Stablecoins like USDT make up a significant portion of the government’s holdings. Government altcoin holdings reflect increasing involvement in cryptocurrency and blockchain. The U.S. government currently has a variety of altcoins in its collection, such as Ethereum (ETH), Tether (USDT), and Wrapped Bitcoin (WBTC). The increased investment portfolio proves that the government is taking a vital role in crypto. Most of these assets are obtained through investigations, including those related to criminal acts. Apart from ETH, USDT, and WBTC, other altcoins in the government’s possession are Bitcoin Cash (BCH), Binance Coin (BNB), plus stablecoins such as USD Coin (USDC) and DAI. The government also manages tokens related to major cryptocurrencies, including TRON (TRX), Uniswap (UNI), and Chainlink (LINK). Source: X Key Assets in the U.S. Government’s Crypto Reserves Stablecoins like USDT make up a large portion of the government’s reserves. Since their value is pegged to the U.S. dollar, they maintain stability despite market fluctuations, which helps cushion us… The post U.S. Government’s Crypto Power Play: How Altcoins Are Becoming a Key Asset appeared first on Coin Edition .

Source: Coin Edition