US Treasuries: Tether Climbs to Seventh

Tether Becomes Major US Treasury Buyer in 2024

• Tether is the largest stablecoin company in the cryptocurrency space.
• The company backs over 140 billion USDT issued with U.S. treasuries.
• In 2024, Tether purchased over $33 billion in U.S. treasuries.
• Tether ranks seventh among top U.S. treasury buyers in 2024.

In its effort to back the value of over 140 billion USDT, Tether has emerged as a significant purchaser of U.S. treasuries, acquiring more than $33 billion worth in 2024 and ranking seventh among the top buyers that year.