Tether’s Wild Ride

by

So, Tether, the stablecoin issuer, is now the 18th-largest holder of US Treasurys globally. Yeah, because that’s exactly what you want to be – a huge player in the US Treasury market 🤣. They’ve got $127 billion in US Treasury bills, which is more than South Korea, but not quite as much as Saudi Arabia. I mean, who needs that much money in Treasurys, right? 🤷‍♂️

Tether’s holdings increased by $7 billion from the first quarter. That’s like me winning $7 billion in the lottery – not gonna happen, but a guy can dream, right? 💸. They’re getting close to Saudi Arabia’s holdings, which is $127.7 billion. I wonder if they’re going to start a Treasury bill buying spree to catch up 🏃‍♂️.

Tether’s Market Cap is Through the Roof

Tether’s market cap surged 19% in 2025. That’s like my cholesterol levels after a trip to the buffet 🍴. They’re now at $163.6 billion, up from $137 billion on January 1. I guess that’s what happens when you’re a stablecoin issuer with a lot of Treasurys 📈.

And get this – $26 billion in USDT has been issued year-to-date. That’s a lot of dollars, man 💸. The demand for dollar-backed stablecoins is rising, and Tether is right in the middle of it all 📊.

Tether CEO Paolo Ardoino is celebrating their newest milestone with a meme. Because, you know, that’s what CEOs do 🤣. He says trust in Tether is accelerating, and I’m like, “accelerating?” That’s a nice way of saying they’re not slowing down 🚀.

Tether CEO: Told You So

Ardoino shared a meme on X, and I’m pretty sure it’s just a picture of him with a smug expression 😏. But hey, who am I to judge? Maybe Tether really is the future of money 🤑.

Tether’s Wild Ride

Read More

2025-08-01 16:29