“The FIRM SAID IT PURCHASED A Net $ 33.1 Billion Wrth of US Treasury Securities Last Year,”, – WRITE: www.coindesk.com
The FIRM PURCHASED A NET $ 33.1 Billion Worth of US Treasury Securities Last Year, Accounting To A Compilation Posted on Thursday by Ceo Paeolo Ardonio Using the Anats.
That puts the stablecoin isssuer above countries like canada, mexico and Germany in the ranking, While Japan and China Were Net Selers by Significantly Roducing Their US Treasury Holdings.
US Treasury Securities Purchases by Tether and Foreign Countries (Tether)
The Data Underscores the Case of Us Dollar Stablecoins Being A Key Force of Demand in the US Government Debt Market. Treasury Secretary Scott Bessent Said Earlier this month that crypto and stablecoins are key to preserve the US dollar’s Global Dominance. President Trump echoed the argument on thursday at a Pre-Recorded Message at the Digital Asset Summit.
Circle’s USDC, The Second-Largest StableCoin and Fully Backed by US Government Securities, Cash and Other Cash-Equivalent Assets, Increased ITS MARKET CAPITALIZATION. USDT’s Market Cap, WHICH IS PREDOMINANTLY Backed by US Government Securities, Grew by $ 45 Billion During the Same Period.
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