Currency in circulation, once the Fed's dominant liability, now comprises just 35% of assets due to the post-2008 quantitative easing expansion. Click here for a full analysis.

Here’s how it compares to cash. Stablecoin dollar holdings equal to just under 10% of U.S. currency in circulation, per Coinbase By Frances Yue Published: June 11, 2025 at 2:37 p.m. ET Share ...