Reworkmaster “Tether is the US government’s best friend”

As Tether approaches its 10th anniversary, Ardoino claims that the company is one of the largest holders of US Treasury bonds.

Tether holds more Treasury bonds than Germany and is approaching the level of South Korea.

Treasury bonds account for more than 80% of the company’s reserves.

Tether, the issuer of the popular stablecoin USDT, has seen its reserves grow substantially so far in 2024, through investment in US Treasury bonds.

Tether CEO Paolo Ardoino claimed that the company had a stronger relationship with the US government than any other stablecoin issuer. This, to the point of becoming its “best friend.”

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