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Tether Ranked 7th Largest Buyer of U.S. Treasuries, Surpassing Major Nations in 2024

  • Tether, the issuer behind USDT, has become the 7th largest buyer of U.S. Treasuries, surpassing major countries in 2024.
  • Tether acquired $33.1 billion in U.S. Treasury bonds, surpassing the holdings of Germany, Mexico, and Canada.
  • Stablecoins, particularly USDT, are showing increased significance in the U.S. debt market with Tether's growing influence.
  • The adoption of stablecoins in the U.S. Treasury market occurs amid legislative developments to establish regulatory frameworks for the stablecoin sector.

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