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.