Tether aims to become a top 5 buyer of US Treasuries
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5 Articles
Tether Holds $141B in T-Bills, Eyes Top-5 Buyer Status
Tether CEO Paolo Ardoino expects his company to become a top-five buyer of U.S. Treasuries, potentially elevating the issuer of the world's largest stablecoin into a class traditionally dominated by governments, banks and institutional investors. Speaking on The Wolf of All Streets podcast, Ardoino said Tether would become a top-10 and subsequently a top-five buyer of Treasuries as demand for USDT continues expanding. He argued that Tether is al…
According to reported figures, Tether holds more than US$122 billion in U.S. Treasury letters and exceeds US$141 billion by including indirect exposures, while USDT's growth expands both its profits and market risks.
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Cryptocurrency News | Cryptocurrency Prices | Market CapTether aims to become a top 5 buyer of US Treasuries
Tether's growing role in US Treasuries could stabilize demand but risks market disruption if rapid redemptions occur, impacting financial systems.
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