Tether, the company behind the world’s leading Stablecoin USDT, has become the seventh largest holder of the United States Treasury, street countries including Canada, Taiwan and Mexico.
The company, which costs $ 33.1 billion, reflects the increasing role of Stablecoins in the financial markets and they are used to support $ 143 billion from an American from an American, from the equivalent of another cash that the company uses to support symbols 1: 1.
Related: Stablecoins Outpace and MasterCard visa in 2024 with $ 27.6 trillion in transactions
Investments in the treasury
According to the CEO of Tether Paulo Erdino, the company Rows Behind the Kayman Islands, which has more than $ 100 billion in the cabinet. Unlike some judicial states, where hedge boxes pay demand, Tether’s property is directly by one entity.
Tether was the seventh largest US Treasury buyer in 2024, compared to countries 🤯 pic.twitter.com/feanul3fb2
Paoloardoino March 20, 2025
The short -term treasury is among the safest and most liquid assets, which enhances confidence in the PEG for the US dollar.
Stablecoin adoption continues to grow
The rise in the dependence of stablecoin extends beyond the rope. The total offer for the sector exceeded $ 230 billion, indicating the continued growth of the market according to the data from Devillama.
Analysts at InTothheblock Believe This indicates that the encryption bull market is still in the middle of the cycle, instead of approaching the peak.
Meanwhile, American lawmakers are moving towards Stablecoin regulations. Christine Smith, CEO of the Blockchain Association, said the legislation can be completed by August, as it is in line with the expectations of the Chancellor Council on digital assets.
Recently, Dubai has taken an important step in adopting digital assets by recognizing USDC and EURC as the first Stablecoins approved by the Dubai Financial Services Authority (DFSA).
Related: Tether announces investment at Juventus Football Club
