Author: Mustafa Mulla Sep 5, 2023 14:06

Mustafa has been writing about Blockchain and crypto since many years. He has previous trading experience and has been working in the Fintech industry since 2017.

Tether has become the 22nd largest holder of US Treasury bonds with $72.5 billion in assets. The company is now ahead of several countries, including Australia, Spain, Mexico, and the United Arab Emirates. The announcement arrives as Tether faces increased scrutiny over its reserves and role in the digital currency sector. Circle also recently reported holding $8.389 billion in US Treasury securities, further demonstrating the bridge between cryptocurrency and conventional finance.