Stablecoin issuer Tether has become one of the world’s top buyers of United States Treasury bills, according to Tether chief technology officer Paolo Ardoino.
In a social media post, Ardoino highlighted that Tether currently has an exposure of $72.5 billion in Treasury bills. The amount places the stablecoin issuer among the top 22 holders, ranking above many countries, including Spain, Mexico, Australia and the United Arab Emirates, he said.