Tether holds more US Treasuries than Germany, ranks 19th globally

Quick Take Tether reported a massive $4.52 billion profit in the first quarter of the year. Notably, the stablecoin issuer’s consolidated financial figures revealed that as of March 31, it held a staggering $91 billion in direct and indirect US treasury bill holdings. Meanwhile, the company also holds a substantial $5.4 billion in Bitcoin. Based … Continue reading Tether holds more US Treasuries than Germany, ranks 19th globally