- In 2024 Tether became the seventh largest owner of US state bonds.
- In addition, the Bitcoin mining has now been expanded.
Tether, issuer of the USDT tablecoin, is now the seventh buyer of US state bonds. That is not a little. US state bonds with a total value of $ 33.1 billion are held-the size of South Korea and Germany.
Taiwan and Canada were previously overtaken. It is astonishing that a crypto company can be so strong in the international financial scene.
Tether was the 7th largest buyer of U.S. Treasuries in 2024, compared to Countries
pic.twitter.com/fEANUL3fb2
– Paolo Ardoino
(@PAworn to March 20, 2025
Behind it is a story of growing influence and an approach that knows no limits in the StableCoin universe. Tether CEO, Paolo Ardoinino, did not hold back when he explained that this campaign confirmed the decisive role of Tether as a US financial partner.
Tether digs deeper: from stablecoin to Bitcoin mining
In addition to the possession of Jumbo-Treasuries, Tether also extends his wings into the Bitcoin mining sector. According to CNF, Tether now has 21.4 % of Bitdeer, or 31,891,689 class A.
One wonders: Why is a StableCoin company suddenly involved in mining? The answer is simple: diversification and influence.
Tether not only improves his position on the cryptom market, but also opens up a new path to control the production and distribution of digital assets by entering the mining sector. It is like you have your own farm instead of buying vegetables on the market every day.
How 400 million people have found an abbreviation for the dollar
It is even more remarkable that Ardoinino speaks of around 400 million people, especially in poor countries, which Tether has now gained access to the US dollar. The USDT is therefore not only a medium of exchange on crypto bonds, but also a liquidity option for regions in which it is difficult to get hard dollars.
And if his Thether’s distribution network is actually the largest in the history of the US dollar, local monetary policy could change drastically.
Imagine that in countries with excessive inflation or inadequate banking institutes USDT Be an absolute lifesaver. You can save your value in dollars without having to open an account with a foreign bank. The local central banks could of course also suffer from this, since the attractiveness of the local money could disappear even more.
Drama in the courtroom throws shadows on ambitious plans
However, the story of Tether is not only a triumph, because the company is also involved in a confused legal dispute with Swan Bitcoin. The case refers to a mining operation called 2040 Energy, which began last year and has since collapsed catastrophically.
Tether argued that the legal system could disclose private ownership information and therefore tried to prevent Swan from bringing six of his former employees to a court in California.
To regret Tether, the responsible court rejected the application. The judge took the view that legal proceedings could not be stopped by the concern for a commercial recycling, since it withdraws before a higher legal estate. This indicates that Tether’s growth does not go as smoothly as it seems at first glance – there are many stumbling blocks on the way.
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