Insights

Tether’s holdings of US treasuries currently rivals the world’s wealthiest countries

exchange681 week ago

0 0 1 minute read

Quick Take

Earlier this month Tether released its attestation report for Q1 2023, which showed that it held $53 billion worth of U.S. treasuries.
Assuming the figures are reliable, Tether’s treasury holdings can be compared to the world’s wealthiest countries, according to Tether advisor Gabor Gurbacs.

Tether (USDT) said it would use 15% of its net realized operating profits to purchase Bitcoin (BTC).
CryptoSlate‘s May 19 market report provides more in-depth coverage of the purchase.

US Treasury Holdings: (Source: ticdata.treasury.gov)

Analyst

James Van Straten

Former Lead Analyst at CryptoSlate

James fervently appreciates data, technology, and trend-spotting. As a tech and liberty maximalist, he hails Bitcoin as the 21st century’s paramount invention.

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