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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. 

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Quick Take

  • 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.
US Treasury Holdings: (Source: ticdata.treasury.gov)
US Treasury Holdings: (Source: ticdata.treasury.gov)