Tether, the 143 billion dollar Stablecoin giant, was the seventh largest buyer in the world for the United States Treasury, bypassing some of the world’s largest countries.
Tether, Usdt source (USDTThe largest Stablecoin in the world was the seventh largest buyer of the US Treasury in the world, bypassing Canada, Taiwan, Mexico, Norway, Hong Kong and many other countries.
Stablecoin’s source acquired more than $ 33.1 billion in the treasury, compared to more than $ 100 billion purchased by Kayman Island in the first place in the world rankings, according to Paulo Erdino, CEO of Tether.
Erdino wrote on March 20 ( mail.
Source: Paulo Erdino
However, Luxembourg’s characters and Kayman Island characters include “all hedge boxes that buy to T-Bells”, Erdino indicated in the responses, while Tether numbers represent one entity investment.
Tether is invested in US Treasury bonds as additional support assets for US dollar stablecooin because Treasury bonds are the short -term custodians issued by the United States government and are considered some of the safest investments and most liquid investments available.
Related to: The American Bitcoin reserves represents the “real step” towards global financial integration
Tether’s great growth comes during a period of the growing Stablecoin adoption between both American investors and legislators.
source: INTOTHEBLOCK
The recently growing stablecoin supplies Exceeding 219 billion dollars And it continues to rise, indicating that the market “is likely to be in the middle of the cycle” instead of the bull’s run, according to InTothheblock analysts.
Related to: Paulo Erdino: Competitors and politicians intend to “kill the rope”
Bill Bill Stablecoin may pass as soon as August: Blockchain Association
American lawmakers On the right track to pass the rules for identifying the legislation of Stablecoins and the Crack Market Structure by August, Christine Smith, CEO of The Blockchain Association, said during the 2025 digital assets summit in New York in New York.
Smith’s timetable is chanted by similar expectations by Bo Hines, CEO of the Chairman’s Chamber of Chamber Comprehensive streakoin legislation in the coming months.
“I think we are about to be able to accomplish those who have done August […] Smith said on March 19 at the summit, which was attended by Cointelegraph.
US President Donald Trump sits next to Treasury Secretary Scott Pesin at the White House encryption summit March 7. source: Associated Press
She added: “I am optimistic when you have chairs from the relevant committees in the House of Representatives, the Senate and the White House that want to do something, and I got voices from the two parties in the Congress to reach them.”
publish_date
