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Tether CEO: USDT is one of the top three global buyers of U.S. short-term treasury bills

Tether CEO: USDT is one of the top three global buyers of U.S. short-term treasury bills

Bitget2024/06/15 06:54

Tether CEO Paolo Ardoino posted on X, according to the WSJ report, "The dollar-backed stablecoin has provided a demand for U.S. Treasury bonds." Over 300 million people worldwide use USDT as a digital dollar, providing lifeline utilities for entire communities in developing countries. These people are underserved by the banking industry, most still do not have bank accounts and are affected by high inflation and rapid depreciation of their local currency. Tether brings stability of the dollar to emerging markets through USDT and is also one of the top three global buyers of short-term U.S. Treasury bills (T-bill), ranking among the top 20 overall.

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