Tether was 7th largest US Treasury holder in 2024, surpassing nations like Canada and Norway ⋅ Crypto World Echo
Tether May continued To become a major player in the US Treasury market, it secured its position as the seventh largest consumer of security-supported security in 2024.
On a March 20 Update to x, Tether CEO Paolo Ardoino It has been revealed that the company has gained $ 33.1 billion in US wealth. This amount has exceeded the handling of countries such as Canada, Taiwan, Mexico, Norway, Hong Kong, South Korea, Germany, and Saudi Arabia.
Despite this milestone, Ardoino noted that the Cayman Islands led the global purchase, with over $ 100 billion in acquisitions. The Cayman Islands are followed by France, Luxembourg, Belgium, Singapore, and the United Kingdom.
However, he Delivered Handles from regions such as the Cayman Islands and Luxembourg include investment from multiple fence funds, while Tether's properties belong to a single creature.
Tether relies on the US ark as a foundation of its reserve strategy. The security of this government is considered to be in the safest and most liquid owners of the world, and they ensure the company's stability USDT Stablecoin.
According to Tether's last quarterly reserve Report In December 2024, the total US treasury handled $ 94 billion. This handling puts the stablecoin issuer leading most of the countries about its growing role in the global financial system.
Ardoino was before Argued That the great treasury holds the US economy and plays an important role in maintaining the dominance of the dollar in global trade.
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