Tether Boasts $72.5 Billion US Treasury Exposure as Interest in National Debt Falters – Bitcoin News
September 9, 2023
Tether, the largest stablecoin in the cryptocurrency market, discussed how its leverage of U.S. treasury bills creates a steady demand for U.S. national debt as a backup of the USDT issuance. The company has exposure to almost $73 billion in U.S. debt, held directly, indirectly, or as collateral for reverse repo operations.
Tether U.S. Treasury Exposure a ‘Call Option’
Tether, the largest…