Tether, Gigant Stablecoin worth $ 143 billion, was the seventh largest buyer of the United States Treasura, exceeding some of the largest countries in the world.
Tether, USDT (USDT), the world’s largest Stablecoin, was the seventh largest buyer of the US treasury in the world, exceeding Canada, Taiwan, Mexico, Norway, Hong Kong and many other countries.
According to Paolo Ardoino, director of Tether, the issuer Stablecoin purchased over $ 33.1 billion, compared to over $ 100 billion purchased by Kamana Island in global rankings, according to Paolo Ardoino, CEO of Tether.
“Tether was 7. As for the size, the buyer of American Treasurys in 2024, compared to the countries,” Ardoino wrote on March 20 x post.
Source: Paolo Ardoino
However, the numbers of Luxembourg and the Isles of the Cajman include “all hedging funds buying at B-Bills”, noted Ardoino in response, while the numbers of Tether represent the investments of one entity.
Tether invests in American Treasurys as additional supporting assets for his Stablecoin from the American dollar, because the treasury are debt securities spent by the US government and are considered one of the safest and most liquid investments available.
Related: Bitcoin USA booking “real step” towards global financial integration
A significant boost in Tether appears during the growing reception of Stablecoin among investors and American legislators.
Source: INTOTHEBLOCK
According to INTOTHEBLOCK analysts, the growing supply of Stablecoin has recently exceeded $ 219 billion and is still growing, suggesting that the market is “probably in the middle of the cycle”, unlike the bull run peak.
Related: Paolo Ardoino: Competitors and politicians intend to “kill the imprisonment”
Stablecoin Bill can go in August: Blockchain Association
American legislators are on the right track to adopt regulations regarding legislation for Stablecouins and the structures of the cryptocurrency market until August, Kristin Smith, general director of the industry group supporting The Blockchain Association, said during the digital assets of the asset from 2025 in Recent York.
The Axis of Smith’s time resembles a similar forecast of Hines, the executive director of the President’s Advisors Council for Digital Asset, who on March 18 said that he expected to see Stablecoin’s comprehensive legislation in the coming months.
“I think we are close to the possibility of doing those in August […] They are now doing a lot of work behind the scenes, “Smith said on March 19 at the summit in which Cointelegraph participated.
US President Donald Trump sits next to the Secretary of Treasury Scott Bessent at the top of the White House cryptocurrencies on March 7. Source: Associated Press
“I am an optimist when you have chairs of the right committees in the Chamber and the Senate and the White House who want to do something, and you have bilateral voices in the congress to get them there,” she added.
https://www.youtube.com/watch?v=1iyxu9w47to
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