tldr; Tether, the issuer of the USDT stablecoin, has significantly increased its investment in U.S. Treasury bonds, now holding around $98 billion. This positions Tether among the largest global holders of these instruments, comparable to countries like Germany and South Korea. CEO Paolo Ardoino highlights this strategy as enhancing Tether’s relationship with the U.S. government and contributing to financial stability. The investments, initiated in 2022, have generated substantial returns and reinforce USDT’s backing, ensuring liquidity and stability.
*This summary is auto generated by a bot and not meant to replace reading the original article. As always, DYOR.
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tldr; Tether, the issuer of the USDT stablecoin, has significantly increased its investment in U.S. Treasury bonds, now holding around $98 billion. This positions Tether among the largest global holders of these instruments, comparable to countries like Germany and South Korea. CEO Paolo Ardoino highlights this strategy as enhancing Tether’s relationship with the U.S. government and contributing to financial stability. The investments, initiated in 2022, have generated substantial returns and reinforce USDT’s backing, ensuring liquidity and stability.
*This summary is auto generated by a bot and not meant to replace reading the original article. As always, DYOR.