- Tether purchased $33.1 billion in U.S. Treasuries, surpassing major countries in 2024.
- USDT’s $33.1 billion investment shows stablecoins’ rising influence in U.S. debt markets.
- Tether’s U.S. Treasury holdings surpass those of Germany, Mexico, and Canada in 2024.
Tether, the issuer behind USDT, the world’s largest stablecoin USDT secured position seven among the largest foreign buyers of U.S. Treasury securities for 2024. Paolo Ardoino revealed through a statement on March 20 that Tether acquired $33.1 billion worth of U.S. Treasury bonds. Furthermore, the company has surpassed nations such as Canada, Germany and Mexico. Through this major market shift, stablecoins, particularly USDT have demonstrated increased significance in the U.S. debt market.
Tether’s Growing Role in the U.S. Treasury Market
Tether CEO Paolo Ardoino confirmed that the firm’s net purchase of U.S. Treasury securities in 2024 reached…
