The CEO of Tether, a stablecoin issuer, recently revealed that the company is now one of the largest holders of US Treasuries in the world. In a recent interview with CNBC Television, Paolo Ardoino shared that Tether holds around $125 billion in US Treasuries, making it the 18th-largest holder globally. He mentioned that if Tether were a country, it would have been the fifth-largest purchaser of US Treasuries in 2024.
US Treasuries are considered low-risk investments as they are backed by the US Department of the Treasury and pay interest every six months. Ardoino emphasized that the US dollar remains the safest currency globally, and by providing access to stablecoins like USDT, over 400 million people will have access to the US dollar, particularly in emerging markets.
The stability and security of the US dollar, combined with the innovation of stablecoins like Tether, are expected to strengthen the American economy and benefit a significant number of individuals worldwide. This aligns with the current Administration’s focus on leveraging digital assets to enhance financial inclusion and accessibility.
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As we navigate the evolving landscape of digital assets and financial technologies, the role of stablecoins like Tether in expanding access to the US dollar and supporting economic growth becomes increasingly significant. The integration of stablecoins into global financial systems could pave the way for a more inclusive and efficient monetary ecosystem.
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