Tether CEO: Tether is backed by 106% reserves
2024-04-19 12:41:14
On April 19, on Token2049, Tether CEO Paolo Ardoino said that Tether is backed by 106% of reserves and holds excess liquidity. China owned about $3 trillion of US debt two to three years ago, today it is about 700 billion, today Tether owns 12% to 13% of China's US treasury securities, and Tether soon became one of the largest holders of US Treasury bonds.
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