Tether recently confirmed possessing $3.3 billion in excess reserves.
Tether is one of the leading global purchasers of US Treasury bills. According to Paolo Ardoino, the stablecoin issuer’s chief technology officer, USDT has now amassed a substantial $72.5 billion in US Treasury bonds.
As such, the changing global economic landscape coupled with the transformation of the crypto market, Tether’s substantial investment in US Treasury bills, and its dominance within the stablecoin space underscore the growing significance of crypto in global finance.“USDt is the most used stablecoin in the world, with a huge focus on emerging markets. For many of these communities, USDt is a lifeline to protect themselves and their families from the insane inflation of their national currencies.
As Tether strengthens its portfolio, China is rapidly reducing its holdings of US Treasury bills and shifting its investments towards gold. Ivan Bayoukhi, founder of Wall Street Silver, revealed that China has
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