Tether (USDT) among the top 3 Global Buyers of Short-term US T-Bills

IconCryptoNewsTerminal Staff15 Jun, 2024

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Tether (USDT) among the top 3 Global Buyers of Short-term US T-Bills

Tether (USDT) Chief Executive Officer (CEO) Paolo Ardoino recently announced via his X (formerly Twitter) that "Tether is now among the top 3 global buyers of short-term US t-bills and will likely be in the top 20 in terms of overall ranking by Treasuries owned." He further emphasized that "as per a recent WSJ article, dollar-pegged stablecoins might provide the demand for US public debt. Today USDT is used by 300 million people worldwide as a digital dollar, acting as a lifeline for entire communities in some emerging countries."