Tether could become ‘top 10 T-bill buyer’ this year, USAT CEO Bo Hines says

Bo Hines, CEO of Tether USA, stated at a conference that Tether expects to significantly increase its purchases of U.S. Treasury bills this year, potentially becoming a top 10 buyer globally. This growth is driven by increasing demand for its flagship USDT token, which has about $122 billion in T-bills backing 83.11% of its reserves, placing it among the top 20 holders including sovereign states. Furthermore, the recent launch of the USAT stablecoin, designed to comply with the GENIUS Act mandating high-quality reserves like T-bills, is expected to further boost T-bill demand. Hines, who previously advised on crypto policy under President Trump and was instrumental in the GENIUS Act, confirmed Tether is increasing T-bill holdings to meet compliance standards for both USDT and USAT.

(Source：The Block)