Tether CEO Paolo Ardoino said on August 31 that 650 million USDT users indirectly hold U.S. Treasuries. Users hold stablecoins on their end, while the reserve assets are centrally managed by Tether, concentrating sell-off pressure onto that company's balance sheet.
This is both a way to describe stable expectations for supporting Treasury purchases from the U.S. and a way to tie the exposure of 650 million people onto a single chain.
This is both a way to describe stable expectations for supporting Treasury purchases from the U.S. and a way to tie the exposure of 650 million people onto a single chain.