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Tether Increases US Treasury Holdings Despite Profit Decline

Tether Increases US Treasury Holdings Despite Profit Decline

Tether, the issuer of the USDT stablecoin, significantly increased its holdings of US Treasuries by over $3 billion in a recent quarter, bringing its total exposure to approximately $120 billion. This move occurred despite a year-over-year decrease in quarterly profits. The company’s latest attestation report highlights the shift in its reserve composition towards US Treasury bills, reverse repurchase agreements, and money market funds with Treasury exposure.

Tether's Tokenized Gold Reaches Record High Backing Amidst Safe-Haven Demand

Tether’s Tokenized Gold Reaches Record High Backing Amidst Safe-Haven Demand

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Tether’s tokenized gold product, XAUT, has reached a record backing of over 7.7 tons of gold, according to its first official attestation. With a market capitalization of $770 million, the token is priced at $3,123.57. This surge coincides with increased global demand for safe-haven assets, reflecting investor interest in gold as a store of value.