US Treasury Highlights “Digital Gold” Bitcoin’s Rapid Growth In Latest Report

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US Treasury Highlights “Digital Gold” Bitcoin’s Rapid Growth In Latest Report - CoinGape

Quick Summary:

The US Treasury highlighted Bitcoin’s “rapid growth” in its latest report while discussing the flagship crypto’s use case, especially in decentralized finance (DeFi).

The US Treasury estimates that $120 billion in total stablecoin collateral is directly invested in Treasuries.

Interestingly, the government department also acknowledged BTC as “digital gold.