Tether Ranks Among Top Buyers of U.S. Treasuries in 2024, Firm Says

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🤑 Tether’s Treasury Takedown: The Stablecoin Giant’s Shocking U.S. Debt Buying Spree

Tether Ranks Among Top Buyers of U.S. Treasuries in 2024, Firm Says

What to know:

  • USDT issuer Tether said it would rank as the seventh largest foreign net buyer of U.S. Treasury securities in 2024, surpassing countries like Canada, Mexico, and Germany. 🇺🇸👏
  • The firm bought a net $33.1 billion worth of U.S. Treasury securities in the previous year, highlighting the growing influence of U.S. dollar stablecoins in the U.S. Treasury government debt market. 💸📈
  • President Trump said on Thursday that “crypto will expand the dominance of the U.S. dollar.” 🤑👀

Tether, the crypto company behind the largest stablecoin USDT, said it would rank as the seventh largest net buyer of U.S. Treasury securities in 2024 among countries. Because, you know, who needs a social life when you can buy debt? 😂

The firm purchased a net $33.1 billion worth of U.S. Treasury securities last year, according to a compilation posted on Thursday by CEO Paolo Ardonio using data from Tether’s reserve reports and the U.S. Treasury Department. That’s a lot of IOUs! 🤯


The data underscores the case of U.S. dollar stablecoins being a key force of demand in the U.S. government debt market. Because, let’s be real, who needs a functioning economy when you can just print more money? 🤑👀

Treasury Secretary Scott Bessent said earlier this month that crypto and stablecoins are key to preserve the U.S. dollar’s global dominance. And by “preserve,” I mean “print more money and hope no one notices.” 🤑🤣

President Trump echoed the argument on Thursday at a pre-recorded message at the Digital Asset Summit. Because, you know, nothing says “digital assets” like a bunch of old guys talking about money. 🤑👴

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2025-03-20 21:26