In a world where fortunes rise and fall like the leaves in autumn, the illustrious CEO of Tether Holdings, Paolo Ardoino, has taken to the airwaves, proclaiming the virtues of the USDT stablecoin. This digital currency, he asserts, is backed by an asset so revered, it could make even the most stoic of investors shed a tear of joy.
During a recent tête-à-tête with CNBC, Ardoino revealed a staggering truth: if Tether were to don the cloak of nationhood, it would find itself nestled among the top 20 foreign holders of US Treasuries. Imagine that! A stablecoin, strutting about like a peacock among nations.
“We have $152 billion now in issued tokens. And we have $172 billion in total reserves. We have more than $125 billion in US Treasuries, and the rest is very, very high liquid assets,” he declared, as if announcing the birth of a new era in finance.
“We own more Treasuries than Germany. Well, Tether is not a nation, but if we were a nation, we would be the 18th-largest nation holding US Treasuries,” he continued, a twinkle of mischief in his eye. One can almost hear the laughter of the financial gods echoing in the background.
“We have more Treasuries than Germany, UAE, Spain, Australia, and we are growing. Our approach is to keep growing our US Treasuries base,” he added, as if he were a gardener tending to a particularly fruitful vine.
As of March, the esteemed nations of Germany and the UAE held $111.4 billion and $104.4 billion in US Treasuries, respectively. Yet, the list of countries that surpass Tether in this regard reads like a who’s who of global finance: Japan, China, the United Kingdom, and many more. It’s a veritable parade of economic might!
Last week, the U.S. Treasury Secretary Scott Bessent chimed in, suggesting that stablecoins could become a veritable cornucopia of demand for government debt. “I’ve seen estimates that just over the short term, stablecoins could create $2 trillion of demand for US Treasuries and Treasury bills. Put that in context, the number is probably about $300 billion right now…” A staggering thought, indeed!
Read More
- Gold Rate Forecast
- TIA PREDICTION. TIA cryptocurrency
- USD PKR PREDICTION
- OP PREDICTION. OP cryptocurrency
- GBP USD PREDICTION
- PENGU PREDICTION. PENGU cryptocurrency
- USD1 PREDICTION. USD1 cryptocurrency
- EUR JPY PREDICTION
- LSETH PREDICTION. LSETH cryptocurrency
- EUR TRY PREDICTION
2025-05-27 22:01