Tether's growth in US Treasury holdings to $113 billion has sparked interest and inquiries within the financial community, questioning its standing among major US debt purchasers.
Tether's Growth in US Treasury Holdings
In the fiscal year 2024, Tether's US Treasury holdings reportedly soared to $113 billion. Despite no primary source confirmation of its ranking as the seventh-largest buyer, CEO Paolo Ardoino highlighted this as a testament to their transparency efforts.
Impact on Market Position and USDt
Tether USDt's price altered by nearly -0.02% in the past 24 hours, currently trading at $0.9999 as of March 20, 2025. Its market capitalization stood at $143.65 billion. CoinMarketCap shows a 22.93% increase in daily trading volume, reaching $74.65 billion.
Analysis and Future Implications
Financial analysts suggest Tether's significant Treasury investments may bolster its resilience against market volatility. Regulatory dialogues are expected to intensify regarding Tether's push on monetary sovereignty.
Tether's increase in US Treasury holdings underscores its influence in the financial sector, though questions linger about regulatory implications and market ranking.
