Tether aims to become one of the top ten purchasers of U.S. Treasuries by 2026, according to CEO Bo Hines. Speaking at the New York Bitcoin Investors Week, Hines highlighted Tether's current position as the largest stablecoin issuer, with a USDT circulating supply of around $185 billion. Currently, 83.11% of Tether's reserves, exceeding $122 billion, are invested in U.S. Treasuries, ranking it among the top 20 global holders.
Hines noted that the quarterly growth of USDT users by approximately 30 million, along with the introduction of the USAT stablecoin compliant with the GENIUS Act, will bolster Tether's demand for Treasury purchases. This strategic move is part of Tether's broader plan to solidify its position in the financial markets.
Tether Targets Top 10 U.S. Treasury Holder Status by 2026
Disclaimer: The content provided on Phemex News is for informational purposes only. We do not guarantee the quality, accuracy, or completeness of the information sourced from third-party articles. The content on this page does not constitute financial or investment advice. We strongly encourage you to conduct you own research and consult with a qualified financial advisor before making any investment decisions.
