The post Tether Emerges as Major Buyer of US Treasuries, Holding over $72.5 billion! appeared first on Coinpedia Fintech News
Tether, the issuer of the popular stablecoin USD₮, has emerged as a significant buyer of US Treasuries. The report indicated that Tether holds over $72.5 billion in US Treasuries, making it one of the top 22 buyers of the debt instrument. With demand for USD₮ increasing globally, Tether’s ability to buy US Treasuries has the potential to grow rapidly. This comes at a time when foreign demand for US Treasuries is slipping and US debt issuance is set to increase. Tether’s ability to support US and global financial stability has been highlighted as foreign buying declines.
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