Tether, the issuer of USDT, ranked as the seventh-largest buyer of U.S. Treasury securities in 2024.
According to a Mar. 20 post on X by Tether chief executive officer Paolo Ardoino, Tether (USDT) purchased a net $33.1 billion in U.S. Treasuries last year. This put it ahead of countries like Germany, Canada, and Mexico. In a separate post, Ardoino also noted that Tether’s global presence has grown rapidly, with USDT adoption surpassing 400 million users, mostly in developing nations.
Tether was the 7th largest buyer of U.S. Treasuries in 2024, compared to Countries 🤯 pic.twitter.com/fEANUL3fb2
— Paolo Ardoino 🤖 (@paoloardoino) March 20, 2025
As of Mar. 21, USDT leads the stablecoin market with 62.45% of the $230 billion total supply, according to DeFiLlama data. USDT’s market capitalization has hit $143 billion, almost three times the market cap of its rival, Circle’s USD Coin (USDC), which stands at $59 billion.
Tether’s financial strength was demonstrated…
