In a recent financial development, @Tether_to has surged to a staggering $72.5 billion exposure in US Treasury bills, establishing itself as the 22nd largest global buyer. Surprisingly, this places it ahead of major economies like the United Arab Emirates, Mexico, Australia, and Spain, among others.
$USDt, the world’s most widely used stablecoin, has become a crucial lifeline for numerous communities in emerging markets. These communities rely on USDt to shield their finances and protect their families from the rampant inflation plaguing their national currencies.
Furthermore, there’s a significant shift in China’s approach to US Treasury debt. Their ownership of these bonds has plummeted by an astonishing $481 billion from its peak levels, and the pace of their divestment is accelerating.
This departure from conventional wisdom is noteworthy because, for years, experts had doubted that China would offload its US debt holdings due to the potential repercussions for its own economy and currency. Now, it seems a major financial paradigm shift is underway.
