Paolo Ardoino said that the company owns more than $72 billion in similar securities. Tether came in 22nd place in terms of investment in US debt instruments, ahead of even entire countries like the UAE, Mexico, Australia and Spain.
Since May, the company has increased the share of US Treasury bonds in its reserves by $19.5 billion, which allowed it to climb three positions in the ranking of the largest investors in US government debt.
Earlier, Tether, the issuer of the first USDT stablecoin by market capitalization, published data on the state of its reserves. The company’s total assets are reported to have reached $86 billion and liabilities to $82.8 billion. Thus, Tether has a liquidity reserve of more than $3 billion, and the USDT stablecoin is 100% backed by the company’s own reserves.
Source: Bits
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