{"id":125466,"date":"2025-03-20T13:16:59","date_gmt":"2025-03-20T13:16:59","guid":{"rendered":"http:\/\/cryptospotters.net\/?p=125466"},"modified":"2025-03-20T13:16:59","modified_gmt":"2025-03-20T13:16:59","slug":"tethers-us-treasury-holdings-surpass-canada-taiwan-ranks-7th-globally","status":"publish","type":"post","link":"http:\/\/cryptospotters.net\/?p=125466","title":{"rendered":"Tether\u2019s US treasury holdings surpass Canada, Taiwan, ranks 7th globally"},"content":{"rendered":"<p>Source: Cointelegraph.com NewsTether, the $143 billion stablecoin giant, was the world\u2019s seventh-largest buyer of United States Treasurys, surpassing some of the world\u2019s largest countries.<br \/>\nTether, the issuer of USDt (USDT), the world\u2019s largest stablecoin, was the world\u2019s seventh-largest US treasury buyer, surpassing Canada, Taiwan, Mexico, Norway, Hong Kong, and numerous other countries.<br \/>\nThe stablecoin issuer acquired over $33.1 billion worth of treasuries, compared to over $100 billion purchased by the Cayman Island in the first place in global rankings, according to Paolo Ardoino, the CEO of Tether.\u00a0<br \/>\n\u201cTether was the 7th largest buyer of US Treasurys in 2024, compared to Countries,\u201d wrote Ardoino in a March 20 X post.<br \/>\nSource: Paolo ArdoinoHowever, Luxembourg and the Cayman Islands figures include \u201call the hedge funds buying into t-bills,\u201d noted Ardoino in the replies, whereas Tether\u2019s figures represent the investments of a single entity.<br \/>\nTether is investing in US Treasurys as additional backing assets for its US dollar-pegged stablecoin since treasuries are short-term debt securities issued by the US government and are considered some of the safest and most liquid investments available.<br \/>\nRelated: US Bitcoin reserve marks \u2018real step\u2019 toward global financial integration<br \/>\nTether\u2019s significant growth comes during a period of growing stablecoin adoption among both investors and US lawmakers.<br \/>\nSource: IntoTheBlockThe growing stablecoin supply recently surpassed $219 billion and continues to rise, suggesting that the market is \u201clikely still mid-cycle\u201d as opposed to the top of the bull run, according to IntoTheBlock analysts.<br \/>\nRelated: Paolo Ardoino: Competitors and politicians intend to \u2018kill Tether\u2019<br \/>\nStablecoin bill may pass as soon as August: Blockchain Association<br \/>\nUS lawmakers are on track to pass legislation setting rules for stablecoins and cryptocurrency market structure by as soon as August, Kristin Smith, CEO of industry advocacy group the Blockchain Association, said during Blockworks\u2019 2025 Digital Asset Summit in New York.<br \/>\nSmith\u2019s timeline echoes a similar forecast by Bo Hines, the executive director of the President\u2019s Council of Advisers on Digital Assets, who said on March 18 that he expects to see comprehensive stablecoin legislation in the coming months.\u00a0<br \/>\n\u201cI think we\u2019re close to being able to get those done for August  they\u2019re doing a lot of work on that behind the scenes right now,\u201d Smith said on March 19 at the Summit, which Cointelegraph attended.\u00a0<br \/>\nUS President Donald Trump sits beside Treasury Secretary Scott Bessent at the March 7 White House Crypto Summit. Source: The Associated Press\u201cI\u2019m optimistic when you have the chairs of the relevant committees in the House and the Senate and the White House that want to do something, and you\u2019ve got bipartisan votes in Congress to get it there,\u201d she added.<br \/>\nMagazine: ETH may bottom at $1.6K, SEC delays multiple crypto ETFs, and more: Hodler\u2019s Digest, March 9 \u2013 15<a href=\"https:\/\/cointelegraph.com\/news\/tether-becomes-7th-largest-us-treasury-holder-stablecoin-growth?utm_source=rss_feed&amp;utm_medium=rss&amp;utm_campaign=rss_partner_inbound\" target=\"_blank\" class=\"feedzy-rss-link-icon\" rel=\"noopener\">Read More<\/a><\/p>","protected":false},"excerpt":{"rendered":"<p>Source: Cointelegraph.com NewsTether, the $143 billion stablecoin giant, was the world\u2019s seventh-largest buyer of United States Treasurys, surpassing some of the world\u2019s largest countries. Tether, the issuer of USDt (USDT),&hellip; <\/p>\n","protected":false},"author":0,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":[],"categories":[5],"tags":[],"_links":{"self":[{"href":"http:\/\/cryptospotters.net\/index.php?rest_route=\/wp\/v2\/posts\/125466"}],"collection":[{"href":"http:\/\/cryptospotters.net\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"http:\/\/cryptospotters.net\/index.php?rest_route=\/wp\/v2\/types\/post"}],"replies":[{"embeddable":true,"href":"http:\/\/cryptospotters.net\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=125466"}],"version-history":[{"count":0,"href":"http:\/\/cryptospotters.net\/index.php?rest_route=\/wp\/v2\/posts\/125466\/revisions"}],"wp:attachment":[{"href":"http:\/\/cryptospotters.net\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=125466"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"http:\/\/cryptospotters.net\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=125466"},{"taxonomy":"post_tag","embeddable":true,"href":"http:\/\/cryptospotters.net\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=125466"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}