Tether CEO: Tether has 106% reserve support
Tether CEO Paolo Ardoino stated at Token2049 that Tether has 106% reserve support and excess liquidity holdings. China had approximately $3 trillion in US debt 2-3 years ago, but now holds about $700 billion. Tether's holdings of US Treasury bonds represent 12-13% of China's current holdings. Tether has quickly become one of the largest holders of US debt.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
CIO of a Giant Investment Company Reveals His Prediction for the Level of Bitcoin Price in the Near Future
Bitwise senior manager Matt Hougan shared his thoughts on the future of Bitcoin price in his statement.
US spot Bitcoin ETFs log highest inflow day since June, two-month high in total value
Following a seven trading day streak of inflows and bolstered by the rising price of Bitcoin, the total assets held by US-based spot Bitcoin ETFs has reached a two-month high.Friday also marked the largest inflows to the funds since early June, a nearly four-month high.
FBI seizes $6M from crypto scammers targeting US citizens