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Paolo Ardoino, chief executive officer at Tether (USDT), reports that Tether has become a top 10 buyer of U.S. Treasuries over the last 2 years.
Ardoino states that Tether's purchases have surpassed those of Taiwan, Israel, and the UAE, filling approximately 45% of the $133 billion in U.S. Treasuries sold by China during this period.
Ardoino has recently spotlighted other initiatives at Tether. He announced the launch of an open-source, scalable intelligence platform developed by the Tether AI team. Ardoino also introduced XAUE, a yield-bearing gold token from Aurise Foundation, positioned as a Treasury Layer for Tether Gold.