Definition ∞ US Treasury Bills are short-term debt obligations issued by the United States Department of the Treasury to finance governmental spending. They are widely considered among the safest investments globally due to the full faith and credit backing of the U.S. government. These bills mature in a year or less and are typically sold at a discount from their face value. They represent a low-risk, highly liquid financial instrument.
Context ∞ In cryptocurrency news, US Treasury Bills are frequently mentioned in discussions about stablecoin reserves, particularly for those pegged to the U.S. dollar. Stablecoin issuers often hold a significant portion of their reserves in T-Bills to ensure stability and maintain liquidity. Changes in T-Bill yields or U.S. monetary policy can impact the broader digital asset market, influencing investor sentiment.
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