Stablecoin Giant Tether Now a Major US Treasuries Investor
Tether, the largest stablecoin issuer, has become a major buyer of U.S. treasuries, acquiring over $33 billion in 2024 to back its 140 billion USDT supply.
It now ranks seventh, surpassing countries like Canada and Taiwan but trailing the UK and Singapore. Stablecoins are increasingly seen as a stabilizing force for U.S. debt. With former House Speaker Paul Ryan highlighting their role in boosting demand and reducing financial risks.
Clever Robot News Desk 24th March 2025
