Tether Holdings Becomes The World’s 22 Largest US Treasury Bond Holder
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- Tether Holdings Ltd. has become the world’s 22 largest holder of US Treasury Bonds.
- The USDT issuer has surpassed leading economies like Australia, Spain, and the United Arab Emirates.
- Tether’s stablecoin rival Circle held nearly $8.4 billion in U.S. Treasuries at the end of July 2023.
Tether Holdings Limited, the crypto giant behind the largest stablecoin by market capitalization, has become the world’s 22 largest holder of United States Treasury Bonds. The USDT issuer overtook nations like Australia, Spain, Mexico, and the United Arab Emirates to achieve this feat.
Tether’s Chief Technology Officer, Paolo Ardoino, took to X (formerly Twitter) earlier today to highlight the company’s massive U.S. Treasuries holdings. The stablecoin giant’s exposure to the U.S. Treasury Bills has reportedly exceeded $72.5 billion, making it one of the largest holders in the world.
The post Tether Holdings Becomes The World’s 22 Largest US Treasury Bond Holder appeared first on Coin Edition.
