The post Tether’s Stability at Risk: Challenges Loom Despite Impressive Treasury Holdings appeared first on Coinpedia Fintech News
Despite Tether’s recent achievements, storm clouds loom on the horizon for the dominant stablecoin, USDT. Its value has taken a hit, and the reasons are deeper than one might assume.
Analysts and finance experts express concerns over Tether’s ability to maintain its peg to the US Dollar, even as the company highlights its extensive US Treasury bond holdings.
Tether’s Impressive Treasury Holdings
Tether’s accolades in the financial world are hard to ignore. As highlighted by Paolo Ardoino, Tether’s Chief Technology Officer, the company boasts of possessing an impressive $72.5 billion in US Treasury bonds. This achievement propels Tether to a rank among the top 22 global purchasers of these bonds, even surpassing several nations including UAE, Spain, Mexico, and Australia.
The Global Shift in Treasury Debt
The world of treasury debt has seen signi
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