IIF: Global Debt Rises to $365 Trillion, Stablecoins Become New Buyers of US Treasuries

PANews reported on October 2, citing Cryptopolitan, that the Institute of International Finance's September 23 Global Debt Monitor showed global debt reached a record high of $365 trillion, rising $10 trillion in half a year, with emerging market debt up $6.5 trillion to $110 trillion, led by China. A September 28 report from the San Francisco Fed noted that foreign investors' share of US Treasuries has fallen from a peak of over 50% in the late 2000s to about 30% in early 2026, and stablecoin issuers have been accumulating short-term US Treasuries faster than Japan since 2023; the bank expects stablecoin demand for short-term US Treasuries to nearly double to about $400 billion by 2030.