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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. 

James Van Straten
May. 23, 2023 at 12:35 pm UTC
1 min read
Updated: May. 23, 2023 at 8:45 pm UTC

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)

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In this insight
Tether USDT (24h)
$0.99987 +0.02%
Vol: $73.08B MCap: $186.8B

Launched in 2014, Tether is a blockchain-enabled platform designed to facilitate the use of fiat currencies in a digital manner.

More about Tether
Bitcoin BTC (24h)
$89,861.34 +2.49%

Bitcoin, a decentralized currency that defies the sway of central banks or administrators, transacts electronically, circumventing intermediaries via a peer-to-peer network.

More about Bitcoin