Tether Secures Seventh-Largest Spot in U.S. Treasury Holdings – Coincu

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Key Points:

  • Tether ranked seventh in U.S. Treasury holdings, surpassing some nations.
  • Tether purchased $33.1 billion in U.S. Treasury bonds.
  • Stablecoin USDT plays a vital role in connecting crypto to conventional markets.

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Tether’s $33.1 Billion Anchor in U.S. Treasuries

On March 20, Tether CEO Paolo Ardoino announced the company’s purchase of $33.1 billion in U.S. Treasury bonds in 2024, cementing its position as the seventh-largest buyer globally.

Tether’s substantial investment indicates a significant influence in the U.S. Treasury market, enhancing the stablecoin’s integration into traditional finance sectors.

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