Tether CEO: Tether has now become one of the top three holders of short-term U.S. Treasury bonds globally

ChainCatcher news, Tether CEO Paolo Ardoino posted on social media that USDT is bringing dollars to hundreds of millions of people living in developing countries who need an alternative currency to their local currency, which is rapidly depreciating. Tether has been investing its stablecoin reserves in U.S. Treasury bonds and has now become one of the top three holders of short-term U.S. Treasury bonds globally.