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>>Tether has risen to become the seventh-largest purchaser of U.S. Treasuries in 2024, with holdings amounting to $33.1 billion.

Tether has risen to become the seventh-largest purchaser of U.S. Treasuries in 2024, with holdings amounting to $33.1 billion.

crypthub

3/20/2025, 2:59:15 PM

Tether's Significant Investment in U.S. Treasuries

Tether, a prominent issuer of the stablecoin USDT, has emerged as the seventh largest buyer of U.S. Treasuries in 2024, with holdings totaling $33.1 billion in Treasury bills. This positions Tether among the top investors in U.S. government securities, surpassing nations like South Korea, Germany, Saudi Arabia, and Switzerland combined, even ahead of Canada.

Tether's Growing Influence in Financial Markets

Tether's CEO, Paolo Ardoino, has emphasized that this ranking underscores Tether's role as a crucial partner to the United States. To stay updated on DeFi and Web3 news, including further insights into Tether's activities, visit thedefiant.io.