Tether CEO Paolo Ardoino: Tether is Among the Top Ten Buyers of U.S. Treasury Bonds in the Past Two Years
Tether CEO Paolo Ardoino posted that Tether has been one of the top ten buyers of U.S. Treasury bonds in the past two years, purchasing more than Taiwan, Israel, and the UAE, and offsetting 45% of China's $133 billion bond sale.
Market Mechanism: Tether's large-scale purchases of U.S. Treasury bonds reinforce the linkage between the dollar stablecoin and U.S. Treasury bonds, directing funds to the Treasury market to support yields, alleviate the pressure from China's sell-off, and create a virtuous cycle between the stablecoin ecosystem and U.S. fiscal financing.
Source: Public Information
ABAB AI Insight
Tether has significantly increased its holdings of U.S. Treasury bonds as reserves, and this data disclosure continues its transition from a controversial stablecoin to mainstream financial infrastructure. Ardoino emphasizes Tether's positive role in global capital flows.
In terms of capital pathways, Tether continuously allocates USDT issuance revenue to U.S. Treasury bonds, reducing reserve volatility risk and providing USDT holders with indirect exposure to dollar assets, while acting as a buffer in the adjustment of capital flows between China and the U.S.
Similar to sovereign wealth funds or central banks purchasing bonds, Tether is currently in an expansion phase transitioning from a stablecoin issuer to a large investor in dollar assets.
Structural Judgment: Essentially, this represents capital concentration, as Tether transforms stablecoin liquidity into demand for U.S. Treasury bonds through large-scale allocations, linking the circulation of USDT to bond purchases, filling demand gaps against the backdrop of China's sell-off, and reinforcing the dollar's dominance in the global financial cycle.