Tether’s holdings of U.S. Treasuries surpass Germany’s, ranking 19th in the world
Tether released its comprehensive financial data for the first quarter of this year, which showed that as of March 31st, its direct and indirect holdings of US Treasury bonds were worth as much as $91 billion. At the same time, the company also held $5.4 billion worth of Bitcoin. According to data from the Treasury Department in March, Tether is the 19th largest holder of US Treasury bonds among sovereign nations, between South Korea and Germany. Former Speaker of the House, Paul Ryan, called for regulation of stablecoins because Tether's holdings of US Treasury bonds support the digital fortress of the US dollar.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
Bitget donates HK$12 million to support fire rescue and reconstruction efforts in Tai Po, Hong Kong
Bitget Spot Margin Announcement on Suspension of ELX/USDT Margin Trading Services
Enjoy perks for new grid traders and receive dual rewards totaling 150 USDT
Bitget Spot Margin Announcement on Suspension of BEAM/USDT, ZEREBRO/USDT, AVAIL/USDT, HIPPO/USDT, ORBS/USDT Margin Trading Services
