Tether’s Ardoino: Now a Leading Buyer of US Treasury Bills, Holding $72.5B

Tether, a prominent stablecoin issuer, has emerged as one of the largest purchasers of United States Treasury bills, according to Paolo Ardoino, the company’s chief technology officer.

In a recent social media update, Ardoino revealed that Tether currently holds an impressive $72.5 billion in Treasury bills. This significant investment positions the stablecoin issuer among the top 22 holders of these financial instruments, surpassing several nations such as Spain, Mexico, Australia, and the United Arab Emirates.