Stablecoins saved the US debt crisis! USDT is one of the top three buyers of short-term US debt

The US dollar stablecoin USDT now has a market value of more than $112.4 billion, firmly occupying the leading position. Its issuer Tether also achieved a record high net profit of $4.52 billion in the first quarter of this year, of which about $1 billion came from profits from holding US Treasury bonds. According to official reports, in terms of USDT reserves, Tether holds US Treasury bonds (US Treasury bonds due within 11 years) of $90.87 billion, accounting for nearly 90% of its total USDT reserves.

Today, Tether CEO Paolo Ardoino wrote in a report "Cryptocurrency can avoid the US debt crisis" quoted by X that stablecoins backed by the US dollar provide demand for US Treasury bonds, and emphasized the important role of USDT: more than 300 million people around the world use USDT as digital dollars, providing important practical value to the entire community in developing countries. These groups are underserved by banks, most are still unbanked, and face high inflation and rapid depreciation of national currencies.

Ardoino added that by using USDT to bring dollar stability to emerging markets, Tether has become one of the top three buyers of short-term U.S. bonds in the world and is in the top 20 overall (U.S. bonds of different maturities).

If you are losing money now and don’t know what to do, click on the avatar to see the introduction of Zhuye, no threshold to get on the bus, all the contract spot gameplay is free to share. Just for fans #币安合约锦标赛 #币安上线ZK #BTC走势分析 #新币挖矿 $ETH $BTC