Tether Becomes Seventh Largest Buyer of U.S. Treasuries in 2024, Holding $33.1 Billion

Tether, a major issuer of the stablecoin USDT, has emerged as the seventh largest buyer of U.S. Treasuries in 2024, holding $33.1 billion in Treasury bills. This positions Tether alongside entire nations in terms of its investment in U.S. government securities, surpassing countries like South Korea, Germany, Saudi Arabia, and Switzerland combined, and even ahead of Canada.

The company's significant purchase of U.S. Treasuries highlights Tether's growing influence in the financial markets. Tether's CEO, Paolo Ardoino, has stated that this ranking places Tether as an essential partner to the United States.

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