Summary
- Tether (USDT) announced that it net purchased $33.1 billion in the US Treasury market, ranking 7th.
- Tether reported that it achieved a high rank in net purchase volume, surpassing Canada, Mexico, and Germany.
- This ranking suggests the growing influence of dollar stablecoins in the US Treasury market.
Tether (USDT) announced that it would rank 7th among global buyers of US Treasury bonds in 2024.
According to the cryptocurrency specialized media CoinDesk on the 20th (local time), Tether net purchased US Treasury bonds worth $33.1 billion last year.
As a result, it ranked 7th, surpassing countries such as Canada, Mexico, and Germany.
The media explained that this suggests the growing influence of dollar stablecoins in the US Treasury market.
JH Kim
reporter1@bloomingbit.ioHi, I'm a Bloomingbit reporter, bringing you the latest cryptocurrency news.
