Odaily Planet Daily reports that Bo Hines, CEO of Tether’s US subsidiary and former White House crypto advisor, stated that as demand for USDT and the newly launched stablecoin USAT continues to grow, Tether is expected to further increase its holdings of U.S. Treasuries (T-bills) this year and is likely to become one of the top ten global buyers of U.S. debt.
Data shows that USDT is currently the largest stablecoin by market capitalization, with a circulating supply of approximately $185 billion. According to the latest reserve proof, about 83.11% of Tether’s reserve assets are allocated to U.S. Treasuries, totaling over $122 billion. Hines said this scale has placed Tether among the top twenty foreign holders of U.S. Treasury securities, ranking between Germany and Saudi Arabia.
Hines also revealed that since its launch in 2014, USDT has reached approximately 530 million users, with a current growth rate of about 30 million users per quarter.
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Tether: Likely to enter the top ten buyers of U.S. Treasury bonds this year
Odaily Planet Daily reports that Bo Hines, CEO of Tether’s US subsidiary and former White House crypto advisor, stated that as demand for USDT and the newly launched stablecoin USAT continues to grow, Tether is expected to further increase its holdings of U.S. Treasuries (T-bills) this year and is likely to become one of the top ten global buyers of U.S. debt.
Data shows that USDT is currently the largest stablecoin by market capitalization, with a circulating supply of approximately $185 billion. According to the latest reserve proof, about 83.11% of Tether’s reserve assets are allocated to U.S. Treasuries, totaling over $122 billion. Hines said this scale has placed Tether among the top twenty foreign holders of U.S. Treasury securities, ranking between Germany and Saudi Arabia.
Hines also revealed that since its launch in 2014, USDT has reached approximately 530 million users, with a current growth rate of about 30 million users per quarter.