🌐 Tether's holdings of U.S. Treasury securities rank seventh in the world, highlighting the growing financial status of stablecoins.

Recently, stablecoin giant Tether (USDT) surpassed Canada, Taiwan, Mexico, Norway, Hong Kong, and many other countries in its holdings of U.S. Treasury securities, becoming the seventh-largest holder of U.S. Treasury securities globally.

Tether currently has a market capitalization of $143 billion, with its holdings of U.S. Treasury securities valued at over $33.1 billion. This is not a small amount; the Cayman Islands, which holds the highest amount globally, has purchased over $100 billion in U.S. Treasury securities.

On March 20, Tether CEO Paolo Ardoino stated in a post on X that Tether is the seventh-largest buyer of U.S. Treasury securities in 2024. He explained that the data from Luxembourg and the Cayman Islands includes all hedge funds purchasing Treasury bonds, while Tether's data is only from its single entity's investments.

Moreover, Tether invests in U.S. Treasury securities as its stablecoin is pegged to the U.S. dollar because U.S. Treasury securities are one of the safest and most liquid investment products. This significant growth of Tether occurred during a time when investors and U.S. lawmakers are increasingly adopting stablecoins.

According to analysts at IntoTheBlock, the supply of stablecoins recently exceeded $219 billion and continues to rise, indicating that the market "may still be in the mid-cycle" rather than at the peak of a bull market.

Notably, Kristin Smith, CEO of the Blockchain Association, recently revealed at the Blockworks summit in New York that U.S. lawmakers may pass legislation on stablecoins and cryptocurrency market structure before August, aligning with the predictions of Bo Hines, executive director of the President's Advisory Council on Digital Assets.

🗣️ Conclusion:

Tether's holdings of U.S. Treasury securities rank seventh in the world, not only demonstrating Tether's strong power but also reflecting the significant position of stablecoins in the global financial market.

Although from a compliance perspective, USDC may be somewhat safer than USDT, Tether's holdings of U.S. Treasury securities show that USDT is also a very solid presence.

I believe that in the future, with the continuous expansion of the stablecoin market and the advancement of related legislation, the development of stablecoins may become more regulated and secure.

💬 Do you have confidence in the future of stablecoins? Would you trust USDT more or USDC? Leave a comment and discuss!