Tether Now Top 22 Global Buyer Of US Treasury Bills, Surpasses Countries Like UAE, Australia
Portfolio Pulse from Murtuza Merchant
Tether (CRYPTO: USDT) now holds an exposure of $72.5 billion in U.S. Treasury bills, making it one of the top 22 global buyers, surpassing countries such as the UAE, Mexico, Australia, and Spain. This announcement comes amid discussions about China's diminishing stake in U.S. T-bills and its shift towards gold. Tether's significant holdings in T-bills were expected as the company had previously disclosed its investments in these assets.
September 05, 2023 | 8:29 pm
News sentiment analysis
Sort by:
Descending
POSITIVE IMPACT
Tether's significant holdings in U.S. Treasury bills could potentially increase the stability and trust in the cryptocurrency, potentially leading to an increase in its value.
Tether's significant holdings in U.S. Treasury bills indicate a strong financial position and could increase investor confidence in the cryptocurrency. This could potentially lead to an increase in demand for Tether, driving its price up.
CONFIDENCE 75
IMPORTANCE 80
RELEVANCE 100