Tether could soon become one of the top 10 buyers of U.S. Treasury bills, according to Bo Hines, CEO of Tether’s U.S. arm. The shift is being driven by explosive demand for USDT, the world’s largest stablecoin, and the launch of USAT, its new U.S.-compliant counterpart. Speaking at Bitcoin Investor Week, Hines signaled that as stablecoin issuance grows, so too will Tether’s appetite for short-term government debt.
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Tether Emerges as Major U.S. Treasury Holder as Stablecoin Demand Explodes
Tether could soon become one of the top 10 buyers of U.S. Treasury bills, according to Bo Hines, CEO of Tether’s U.S. arm. The shift is being driven by explosive demand for USDT, the world’s largest stablecoin, and the launch of USAT, its new U.S.-compliant counterpart. Speaking at Bitcoin Investor Week, Hines signaled that as stablecoin issuance grows, so too will Tether’s appetite for short-term government debt.