
Tether Becomes Seventh-Largest Buyer of U.S. Treasuries in 2024
Tether, the issuer of USDT, has emerged as one of the biggest buyers of U.S. Treasury securities, surpassing major economies like Germany, Canada, and Mexico. The company’s expanding influence in global finance highlights the growing role of stablecoins in traditional markets. According to Tether CEO Paolo Ardoino, the firm purchased a net $33.1 billion in…