USDT Issuer Tether Ranks Among Top Foreign Buyers of U.S. Treasuries in 2024, Firm Says

USDT Issuer Tether Ranks Among Top Foreign Buyers of U.S. Treasuries in 2024, Firm Says

The data underscores the Trump administration's argument for crypto and stablecoins being key for preserving the U.S. dollar's global dominance.

Trump Reiterates Support for Crypto, Stablecoin Legislation

Donald Trump rehashed the crypto-supportive actions taken by his administration since he returned to the US presidency and reiterated support for stablecoin legislation, saying it will help expand the dollar’s dominance.

The Secret Reason Tether Is Buying Billions in Bonds: Paolo Ardoino Reveals Tether Is 7th Largest Buyer

The argument is that if a USD-backed token were absent, crypto as a whole would be worth far less than the $2.8 trillion it is currently valued at. Without a fluid, highly liquid, multi-chain stablecoin like USDT (Tether), trading and holding crypto would be extremely difficult. No one would be willing to risk holding an extremely volatile crypto asset that can move over 10% in a day. Institutions would play it safe, and though the appeal of cry…

Tether Ranks as 7th Largest Buyer of U.S. Treasuries in 2024

TLDR Tether purchased $33.1 billion in U.S. Treasury securities in 2024, ranking as 7th largest foreign net buyer This places Tether ahead of countries like Canada, Mexico, and Germany in Treasury purchases USDT’s market cap grew by $45 billion in 2024, reaching $143 billion (62.45% of the $230 billion stablecoin market) Tether reported a record $13 billion net profit in 2024 despite regulatory challenges U.S. officials, including President Tru…

Tether Buys $33 Billion in US Treasury Bonds, Boosting Compliance Efforts

Tether's $33 billion in US Treasury bonds may position it as a key stablecoin partner for the US, but regulatory challenges remain.

Tether surprised the market by announcing that he had bought more than $33 billion in cash bonds last year. This makes Tether the seventh buyer of US bonds, in front of countries like Canada, Mexico and Germany. In a speech today, President Trump said that stablecoins will be used for [...] The article Tether buys 33 billion dollars of US bonds in the middle of the upcoming regulation appeared first on The Crypto Mint.