Tether may become one of the top ten buyers of U.S. Treasury bonds this year
Show original
Bitget offers one-stop trading for cryptocurrencies, stocks, and gold. Trade now!
A welcome pack worth 6200 USDT for new users! Sign up now!
Tether US subsidiary CEO Hines stated that with the launch of the compliant stablecoin USAT and the growth of USDT, Tether is expected to become one of the top ten buyers of US Treasury bonds this year. Currently, Tether holds over $122 billion in US Treasuries, accounting for 83.11% of its reserve assets, ranking between Germany and Saudi Arabia in the US Treasury Department's list of foreign holders, and entering the top 20. USDT has about 530 million users, with a quarterly increase of 30 million. The USAT launched last month is issued by Anchorage Bank, complies with the GENIUS Act compliance standards, and will boost demand for US Treasury purchases. Tether also holds about 140 tons of gold, ranking thirteenth globally.
0
0
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
Understand the market, then trade.
Bitget offers one-stop trading for cryptocurrencies, stocks, and gold.
Trade now!
You may also like
Benjamin Cowen Says Bitcoin 69-73 Days From Bottom, But Does BTC Still Follow Cycles?
BeInCrypto•2026/08/17 07:54
Sixt managing body member Dr. Franz Weinberger buys shares worth EUR 98,009.6
Reuters•2026/08/17 07:52
10x Research Founder Explains It’s Mathematically Impossible for Bitcoin to Reach $1 Million by 2030! Here’s Why
BitcoinSistemi•2026/08/17 07:48
Daiwa House releases transcript of FY2026 Q1 earnings conference Q&A for analysts, investors
Reuters•2026/08/17 07:42
Crypto prices
MoreBitcoin
BTC
$63,483.34
+0.78%
Ethereum
ETH
$1,899.71
+1.09%
Tether USDt
USDT
$0.9990
+0.01%
USDC
USDC
$0.9999
+0.00%
XRP
XRP
$1
+0.12%
Solana
SOL
$75.7
+0.46%
TRON
TRX
$0.3326
+0.56%
Hyperliquid
HYPE
$59.54
+3.74%
Dogecoin
DOGE
$0.07021
+0.65%
Zcash
ZEC
$513.82
+5.43%
How to buy BTC
Bitget lists BTC – Buy or sell BTC quickly on Bitget!
Trade now
Become a trader now?A welcome pack worth 6200 USDT for new users!
Sign up now