Market commentator The Kobeissi Letter highlighted on Monday the massive scale of Tether (CRYPTO: USDT) in the U.S. treasuries market. Tether's Profit Strategy Via US Treasuries In an X post, Kobeissi Letter said that the “stablecoin market is ripe for disruption,” emphasizing how Tether has become the 17th-largest holder of U.S. sovereign debt, totaling roughly $135 billion.
Stablecoin Market 'Ripe For Disruption,' Says Market Commentator, As Tether Rakes In Billions Through Interest On US Treasuries
AI IMPORTANCE: 8/10
◆
AI INSIGHT
The Kobeissi Letter said on Monday in an X post that Tether (USDT) holds roughly $135 billion in U.S. Treasury securities, making Tether the 17th-largest holder of U.S. sovereign debt, and said the stablecoin market is "ripe for disruption."
Loading STABLE data...
MOBILE APP