Tether USDt

<ul><li>Tether&#39;s CTO revealed a whopping $72.5 billion in U.S. Treasury holdings, making it the 22nd largest global holder, outstripping sovereign nations.</li><li>China has shed nearly $481 billion in U.S. Treasury debt, with the pace of divestment gaining momentum, signaling a pivot towards gold.</li><li>Tether&#39;s Treasury investment and China&#39;s exit strategy spark debates on emerging market stability and the evolving global economy.</li></ul>In a significant financial milestone, Paolo Ardoino, CTO of Tether and Bitfinex, revealed on September 5, 2023, that the issuer of the popular stablecoin, Tether (USDT), now boasts an impressive $72.5 billion in holdings of U.S. Treasury bills. This substantial sum has propelled Tether to the position of the 22nd largest holder of U.S. Treasuries globally, surpassing even sovereign nations like the United Arab Emirates, Mexico, Australia, and Spain regarding Treasury holdings.<img src="https://academy-public.coinmarketcap.com/srd-optimized-uploads/227025ac1ec7492f96c38a5cd1e1974c.png" />For many communities worldwide, USDT has become a financial lifeline, shielding them from rampant national currency inflation. However, this development sharply contrasts with China&#39;s recent financial maneuvers, as the Asian powerhouse has rapidly divested nearly $481 billion from its peak <a href="https://twitter.com/WallStreetSilv/status/1698593300410708011" rel="noopener noreferrer nofollow">holdings</a> of U.S. Treasury debt. Notably, this reduction is significant and accelerating, according to the financial commentary platform Wall Street Silver, highlighting China&#39;s gold pivot.The divergent strategies employed by Tether and China have sparked varied reactions within the financial community. Suraj Chawla of GPU.NET raised <a href="https://twitter.com/ssurajchawla/status/1698943837010342015" rel="noopener noreferrer nofollow">concerns</a> about the sustainability of relying on Tether&#39;s U.S. Treasury holdings as a financial safety net for emerging markets. Chawla cautioned against building economies on potentially unstable foundations, emphasizing the need for genuine resilience.- Read full article at <a href="https://cryptotale.org/tethers-72-5-billion-u-s-treasury-holdings-challenge-chinas-exit-strategy/" rel="noopener noreferrer nofollow">CryptoTale .</a>

Tether's $72.5 Billion U.S. Treasury Holdings Challenge China's Exit Strategy

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