The Director General of the StableCoin Tether issuer says he is now one of the largest holders of US Treasury bills in the world, noting that stablecoins will grant hundreds of millions of people access to the US dollar.
In a new interview with CNBC Television, the CEO of Tether, Paolo Ardodino, said that if the company was a nation apart, it would be the 18th largest holder of US Treasury bills in the world.
“Well, Tether in 2024 was the fifth largest buyer of treasury bills. And if we were a country, on the right, I mean, we compare ourselves to countries now, and as a global statistics, Tether is the 18th largest holder of the American Treasury.
We have around $ 125 billion in American treasury bills. We acquire, this part of our reserve increases … We believe that the trajectory is also in accordance with the Act on Engineering, so we are very happy to see a stable bill which provides clear advice. »»
US treasury bills are debt obligations supported by the US Treasury Department which vary in maturation dates and pay interest every six months. They are considered to be low -risk investments due to government support.
Ardoino continues to note that the US dollar is still the safest currency in the world, adding that the USDT will bring more than 400 million people.
“By far, the US dollar is the safest fiduciary currency in the world … Between Bitcoin and Stablecoins, they will make America stronger, and I think that is the main point of the (current) administration. With stablescoins, we bring the US dollar to 420 million people around emerging markets. ”
https://www.youtube.com/watch?v=J3J0KMe4_ye
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