💥✨️Tether News✨️💥
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💠According to Foresight News, Paolo Ardoino, CEO of Tether, made a statement claiming that Tether has a 106% reserve backing and holds excess liquidity. He further explained that Tether quickly became one of the largest holders of US Treasuries.
💠Arduino compared Tether's holdings to China's US debt, which was about $3 trillion two to three years ago and is about $700 billion today. He stated that the US Treasury securities held by Tether are between 12% and 13% of what China currently holds. This indicates that Tether has quickly risen to become one of the largest holders of US debt.
