Washington now sees $114 billion of Tether’s Treasury holdings as a strategic asset.
Tether, the largest stablecoin issuer, reported $114.96 billion of directly held US Treasury bills and $187.75 billion total reserves as of June 30, accounting for more than 60 % of the stablecoin market.
The Trump administration is exploring an overseas stablecoin initiative that could partner with private firms to extend dollar use and boost demand for Treasuries, though no formal deal with Tether has been announced.
Tether’s reserve composition includes short‑term Treasury bills (average maturity under 90 days), $18.63 billion in overnight reverse‑repo agreements, $18.84 billion in precious metals, $5.80 billion in Bitcoin and $13.45 billion in secured loans, supporting its redemption obligations and generating $1.50 billion Q2 profit.
Should regulators treat large private distributors of digital dollars differently from traditional banks?
#Stablecoins #USDT #Treasury #FinTech #MacroEconomy
Tether, the largest stablecoin issuer, reported $114.96 billion of directly held US Treasury bills and $187.75 billion total reserves as of June 30, accounting for more than 60 % of the stablecoin market.
The Trump administration is exploring an overseas stablecoin initiative that could partner with private firms to extend dollar use and boost demand for Treasuries, though no formal deal with Tether has been announced.
Tether’s reserve composition includes short‑term Treasury bills (average maturity under 90 days), $18.63 billion in overnight reverse‑repo agreements, $18.84 billion in precious metals, $5.80 billion in Bitcoin and $13.45 billion in secured loans, supporting its redemption obligations and generating $1.50 billion Q2 profit.
Should regulators treat large private distributors of digital dollars differently from traditional banks?
#Stablecoins #USDT #Treasury #FinTech #MacroEconomy
