Tether: This year may enter the top ten buyers of U.S. Treasury bonds

Tether's U.S. subsidiary CEO and former White House crypto advisor Bo Hines stated that as the demand for USDT and the newly launched stablecoin USAT continues to grow, Tether expects to further increase its holdings of U.S. Treasury bills (T-bills) this year and aims to become one of the top ten U.S. debt buyers globally.

Data shows that USDT is currently the largest stablecoin by market capitalization, with a circulation of approximately $185 billion. According to the latest reserve proof, about 83.11% of Tether's reserve assets are allocated to U.S. Treasury bonds, totaling over $122 billion. Hines noted that this scale has placed Tether among the top twenty foreign holders of U.S. Treasury securities, ranking between Germany and Saudi Arabia. Hines also revealed that since its launch in 2014, the number of USDT users has reached approximately 530 million, currently growing at a rate of about 30 million users per quarter.