On June 15, Paolo Ardoino, CEO of Tether, wrote in a post on X that, according to WSJ, "stablecoins backed by the US dollar provide demand for US Treasury bonds." More than 300 million people around the world use USDT as a digital dollar, providing life infra utilities to entire communities in developing countries. These people are underserved by the banking industry, most remain unbanked, and are affected by high inflation and rapid depreciation of their local currencies.
Tether brings the stability of the dollar to emerging markets through USDT, and is also one of the top three global buyers of US short-term treasury securities (T-bill), ranking among the top 20 overall.
Tether CEO: USDT is one of the top three global buyers of US short-term treasury securities
2024-06-15 06:39:14
Disclaimer:
1. The information provided does not constitute investment advice. Investors should make independent decisions and bear all risks themselves.
2. The copyright of this content belongs to the original author. The views expressed herein are solely those of the author and do not represent the stance or position of this website.
Previous article：
Solana Domain Name Service Bonfida Airdrops 700,000 FIDA to Users Setting Up .SOL Primary DomainsNext article：
牛津经济研究院CEO：美联储也许在9月开始降息
