Tether CEO: USDT is one of the top three buyers of US short-term Treasury bonds in the world

Tether CEO Paolo Ardoino posted on X, stating that according to a report from WSJ, "dollar-backed stablecoins have created demand for US Treasuries." Over 300 million people worldwide use USDT as digital dollars, providing a lifeline for the entire community of developing countries. These people cannot access full banking services, with most still lacking bank accounts and being affected by high inflation and rapid devaluation of their currency. Tether brings stability to emerging markets through USDT, and is also one of the top three global buyers of US short-term Treasury bills (T-bills), ranking in the top 20 overall.