Tether, the issuer of the largest capitalcine, USDT, took seventh place among buyers of treasury securities in the United States in 2024, overtaking even entire countries, such as Germany, Canada, Taiwan, Mexico, Norway, Hong Kong and others.

Tether General Director Paolo Ardoino said that the company significantly increased investments in American treasury bonds due to investments of $ 33.1 billion. In his opinion, this strengthened the financial stability of USDT stablecoin.

Speaking at the event of the Bitcoin Policy Institute, Ardoino assured that the company has contributed to the diversification of the US debt market, increasing financial availability and contributing to the global dominance of the American dollar in the international arena. The general director believes that Tether will take one of the leading places among the holders of the US Treasury bonds with such volumes of investment.

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According to Defillama, on March 21, the market capitalization of USDT Reached $ 143.8 billion, occupying 62.45% of the stabelcoin market, which almost three times exceeds the indicators of the closest competitor – Circle Steabelcoin ($ 59 billion). In 2024, Tether produced 45 billion USDT, including 23 billion in the fourth quarter, and the company’s net profit amounted to a record $ 13 billion.

The company’s future in the United States remains in question due to a bill on stablecoins, which may limit the access of offshore issuers to the markets of treasury papers. This is able to give special advantages to the American competitors Tether, such as Circle, Ardoino believes.

Earlier, the Executive Director of the Presidential Council of Consultants on Digital Assets of the United States Bo Hines (Bo Hines) said that the draft law on stabilcoins will be adopted over the next two months.