Washington now sees Tether as a $114 billion partner for U.S. debt.
At the end of June Tether reported $114.96 billion in directly held U.S. Treasury bills, making it one of the largest private buyers of short‑term American debt.
The reserve report showed total assets of $187.75 billion versus liabilities of $183.64 billion, leaving a $4.11 billion surplus, and listed $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.
Bloomberg said the Trump administration is exploring an overseas stablecoin initiative that could involve Treasury, the State Department and the U.S. International Development Finance Corporation, aiming to expand digital‑dollar use and demand for Treasuries; the report did not confirm a deal with Tether.
Tether’s market share exceeded 60 % of the stablecoin market in June, and its Q2 net operating profit of about $1.50 billion was driven largely by Treasury and repo income.
What balance should regulators strike between supporting digital‑dollar access and limiting influence over a private stablecoin issuer?
#Stablecoin #FinTech #USDebt #DigitalDollar
At the end of June Tether reported $114.96 billion in directly held U.S. Treasury bills, making it one of the largest private buyers of short‑term American debt.
The reserve report showed total assets of $187.75 billion versus liabilities of $183.64 billion, leaving a $4.11 billion surplus, and listed $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.
Bloomberg said the Trump administration is exploring an overseas stablecoin initiative that could involve Treasury, the State Department and the U.S. International Development Finance Corporation, aiming to expand digital‑dollar use and demand for Treasuries; the report did not confirm a deal with Tether.
Tether’s market share exceeded 60 % of the stablecoin market in June, and its Q2 net operating profit of about $1.50 billion was driven largely by Treasury and repo income.
What balance should regulators strike between supporting digital‑dollar access and limiting influence over a private stablecoin issuer?
#Stablecoin #FinTech #USDebt #DigitalDollar
