Tether, the company behind the prominent stablecoin USDT, holds $72.5 billion worth of US Treasury bills (T-bill). This development was revealed initially in the company’s assurance report for Q2 2023.
However, Tether’s Chief Technology Officer, Paolo Ardoino, on September 5, emphasized this fact on social media platform X.
Tether Ranks As 22nd Largest Buyer Of US Treasury Bills, Could This Be A Risk?
According to Ardoino’s post, Tether’s $72.5 billion exposure to US Treasury Bills has enabled the stablecoin operator to emerge as the 22nd largest holder of these bonds, ahead of nations such as the United Arab Emirates, Mexico, Australia, and Spain.
In his post, the Tether CTO also applauded USDT’s “high utility” in developing markets, referring to the stablecoin as a “lifeline” for many citizens of nations with “insane” inflation rates.
While @Tether_to reached 72.5B exposure in US t-bills, being top 22 buyer globally, above United Arab Emirates, Mexico, Au
We współpracy z: https://bitcoinist.com/tether-72-5-billion-in-treaury-bills-investement/
