Tether bypassing Canada and Mexico in terms of US Treasury Bonds

< IMG SRC = "/Uploads/Blogs/FA/16/IB-FR49NATAL_A499EA2A2A.jpg" Alt = "Tether bypassed Canada and Mexico by Treasury Treasury Bonds"/> ~ ~ < p >The Issuer of Tether & nbsp; nbsp; nbsp; nbsp; the seventh largest owner of the US Treasury bonds, exceeding countries such as Canada, Taiwan and Mexico. According to CEO Tether Paolo Adolyo, the company owns more than $ 33.1 billion in US Finance Ministry bonds. This is the largest volume among corporate investors, while the leader of the rating is the Cayman Islands, which control more than $ 100 billion.

< P > Such investments are explained by Tether's strategy to ensure the released USDT steiblcoin reliable assets. US Treasury bonds are considered to be one of the safest and most liquid tools in the market, which makes them attractive to the issuer of the largest steiblcoin. The increase in the presence of Tether in the State Bargla coincides with the expansion of the stablcoin market, the total volume of which has recently exceeded $ 219 billion.

< p > Intoblock analytics believe that the growth of the supply of steiblcoins indicates the cryptoracy in & ldquo; the middle of the cycle & Rdquo;, not on its peak values. This indicates the potential of further increase in digital assets capitalization.

< P > Meanwhile, the United States continues to work on legislative regulation of steiblcoins. Blockchain Association Head Christin Smith said the bill could be approved by August. Her forecast coincides with the position of Boes, the Executive Director of the Presidential Council of Digital Assets, which earlier in March also expressed confidence in the rapid appearance of the regulatory framework.

~ < p > According to Smith, consent on key issues has been reached in Congress, which makes the adoption of the law in the coming months is quite likely. White House representatives as well as the Chamber Committees of the House of Representatives and the Senate are involved in the discussion.