Tether's Asset Holdings Soar, Now Among Top-20 U.S. Treasury Holders; Ardoino Outlines Plan to Reach 420 Million People with USD
When Tether talks the talk, it's got the walk to back it up
In a bold move that's making waves in the world of finance, Tether CEO Paolo Ardoino has said straight-up that his company is now one of the largest holders of U.S. Treasuries in the world. That's right, build when you're discussing the banks!
If Tether were its own country, it'd rank 18th in terms of U.S. Treasury holdings, with around $125 billion in these bad boys. And with more investments on the horizon, that number's only going to keep climbing!
"By golly, Tether was the fifth-biggest purchaser of U.S. treasuries in 2024. If we were a country, Tether'd be the 18th-largest holder of U.S. treasuries. We have about $125 billion in U.S. treasuries, and our portion of the reserve's on the rise. We think the trajectory's looking pretty darn good with the GENIUS Act, so we're really excited about that."
Treasury bonds are debt obligations backed by the U.S. Department of the Treasury, with varying maturation dates and bi-annual returns. Due to them being government-backed, they're considered a low-risk investment.
Ardoino went on to emphasize that the U.S. dollar is still the safest fiat currency on the planet, and Tether's ventures are gonna bring access to it for over 400 million people in emerging markets—adding stability to the 'Merica dollar!
"Well, old sport, the U.S. dollar is hands down the safest fiat currency going. With stablecoins like Tether, Bitcoin, or even our cold ones, they'll only make the U.S. a stronger nation, and I reckon that's just what this current Administration's after. We're bringin' the U.S. dollar to millions in emerging markets!"
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- Tether, the crypto company led by CEO Paolo Ardoino, has made significant investments in U.S. Treasuries, positioning itself as one of the largest holders globally.
- With growing interest in digital assets and cryptocurrency, strategic partnerships and ventures, like Tether's, could open access to the U.S. dollar for millions in emerging markets, potentially stabilizing the currency.
- As the digital asset market continues to evolve, public companies are increasingly shifting their treasuries into crypto, revealing a growing trend in the finance and investing sector.
