The CEO of StableCoin -Secretary Tether says it is now one of the largest holders of US treasury in the world and notes that Stablecoins will give hundreds of millions of people access to the US dollar.
In a new interview with CNBC Television says That if the company was its own nation, it would be the 18th largest holder of US state funds in the world.
“Well, Tether 2024 was the fifth largest buyer of us Treasury. And if we were a country, I mean, we compare ourselves with countries now, and as an overall statistics, Tether is the 18th largest holder of us state funds.
We have about $ 125 billion in US Treasury. We acquire, that part of our reserve is increasing … We believe that the track is also in line with Genius Act so we are very pleased to see a Stablecoin bill that provides clear guidance. ”
The US Treasury is debt obligations supported by the US Ministry of State, which varies in maturity date and pays interest every six months. They are considered low -risk investments because the government is supported.
Ardoino continues to note that the US dollar is still the safest currency in the world and adds that USDT will have over 400 million people access to it.
“By far, the US dollar is the safest Fiat currency in the world … Between Bitcoin and Stablecoins, they will make America stronger, and I think it is the main point in the (current) administration. With Stablecoins, we take the US dollar to 420 million people around emerging markets.”
Generated Picture: Midjourney
