Tether CEO: USDT is one of the top three buyers of U.S. short-term Treasury bills globally

ChainCatcher news, Tether CEO Paolo Ardoino posted on X that, according to the WSJ, "dollar-backed stablecoins have created demand for U.S. Treasuries." Over 300 million people globally use USDT as a digital dollar, providing a lifeline utility for entire communities in developing countries. These individuals are underserved by the banking industry, with most still lacking bank accounts and being affected by high inflation and rapid depreciation of their local currencies.

Tether brings dollar stability to emerging markets through USDT and is also one of the top three global buyers of U.S. short-term Treasury bills (T-bills), ranking in the top 20 overall.