{"id":84071,"date":"2023-09-06T14:22:22","date_gmt":"2023-09-06T11:22:22","guid":{"rendered":"https:\/\/forklog.com\/en\/?p=84071"},"modified":"2025-09-12T15:08:13","modified_gmt":"2025-09-12T12:08:13","slug":"tethers-holdings-of-u-s-treasuries-reach-72-5-billion","status":"publish","type":"post","link":"https:\/\/forklog.com\/en\/tethers-holdings-of-u-s-treasuries-reach-72-5-billion\/","title":{"rendered":"Tether\u2019s holdings of U.S. Treasuries reach $72.5 billion"},"content":{"rendered":"

The issuer of the stablecoin<\/a> USDT, Tether, has become the 22nd-largest purchaser of U.S. Treasuries, with reserves of $72.5 billion.<\/p>\n

\"Snimok-ekrana-2023-09-06-v-13.55.24\"
Data: X<\/a>.<\/figcaption><\/figure>\n
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\u00abUSDT<\/a> \u2014 the most-used ‘stablecoin’ in the world with a strong emphasis on developing markets. For many, the asset is a lifeline, enabling people to protect themselves and their families from the rampant inflation of their national currencies\u00bb, said Paolo Ardoino, Tether’s chief technology officer.<\/p>\n<\/blockquote>\n

A company spokesperson backed his remarks with news of China reducing its influence on U.S. Treasuries. According to a post by Wall Street Silver<\/a>, China’s holdings in this area fell by nearly $481 billion.<\/p>\n

At the same time, Tether, by the amount of U.S. Treasuries held, surpasses even the UAE, Mexico, Australia and Spain.<\/p>\n

USDT remains the largest stablecoin in the market. According to CoinGecko<\/a>, its market capitalization stands at $82.8 billion.<\/p>\n

Earlier, Tether reported $850 million in net income<\/a> in the second quarter. According to the document, 85% of USDT’s collateral consists of cash and cash equivalents.<\/p>\n

In May, Ardoino stated that high profitability<\/a> of the issuer provides the opportunity to explore new business directions<\/a>.<\/p>\n

Subsequently, it emerged that Tether invested $1 billion<\/a> in a Bitcoin mining project in El Salvador.<\/p>\n

Kaiko analysts pointed out<\/a> a small but persistent deviation of USDT from the U.S. dollar in early August. Some experts called the situation a ’cause for concern’.<\/p>\n","protected":false},"excerpt":{"rendered":"

The issuer of the stablecoin USDT, Tether, became the 22nd-largest purchaser of U.S. Treasuries, with reserves of $72.5 billion.<\/p>\n","protected":false},"author":1,"featured_media":84072,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"select":"1","news_style_id":"1","cryptorium_level":"","_short_excerpt_text":"","creation_source":"","_metatest_mainpost_news_update":false,"footnotes":""},"categories":[3],"tags":[1431,1245],"class_list":["post-84071","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news-and-analysis","tag-bonds","tag-tether-usdt"],"aioseo_notices":[],"amp_enabled":true,"views":"17","promo_type":"1","layout_type":"1","short_excerpt":"","is_update":"","_links":{"self":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts\/84071","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/comments?post=84071"}],"version-history":[{"count":1,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts\/84071\/revisions"}],"predecessor-version":[{"id":84073,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts\/84071\/revisions\/84073"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/media\/84072"}],"wp:attachment":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/media?parent=84071"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/categories?post=84071"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/tags?post=84071"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}