Markets
Chainalysis: Italy Leads Tokenized US Treasury Holdings at 29.9% in a USDC-Dominant Market
COINOTAG·October 14, 2026·1 min read
Chainalysis data shows Italy leads tokenized US Treasury holdings at 29.9%, ahead of Portugal and Singapore. USDC circulation hit $73.3 billion, dominating the market. The data highlights growing institutional adoption of on-chain Treasury products, with stablecoins like USDC playing a central role in the ecosystem.
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