Tether’s holdings of US treasuries currently rivals the world’s wealthiest countries Insights MacroStablecoins
Tether’s holdings of US treasuries currently rivals the world’s wealthiest countries
USDT's attestation report for Q1 2023 showed they held $53 billion worth of U.S. treasuries.
Quick Take
- Earlier this month Tether released its attestation report for Q1 2023, which showed that it held $53 billion worth of U.S. treasuries.
- Assuming the figures are reliable, Tether’s treasury holdings can be compared to the world’s wealthiest countries, according to Tether advisor Gabor Gurbacs.
- Tether (USDT) said it would use 15% of its net realized operating profits to purchase Bitcoin (BTC).
- CryptoSlate‘s May 19 market report provides more in-depth coverage of the purchase.
Analyst 
James Van Straten
James fervently appreciates data, technology, and trend-spotting. As a tech and liberty maximalist, he hails Bitcoin as the 21st century's paramount invention.
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Launched in 2014, Tether is a blockchain-enabled platform designed to facilitate the use of fiat currencies in a digital manner.
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$97,791.02
Bitcoin, a decentralized currency that defies the sway of central banks or administrators, transacts electronically, circumventing intermediaries via a peer-to-peer network.
