Bo Hines: Tether is expected to become one of the top ten buyers of U.S. Treasury bonds this year.

PANews reported on February 12 that, according to The Block, Bo Hines, a former White House cryptocurrency advisor and current head of Tether's US subsidiary, stated at the Bitcoin Investors Week conference that Tether is poised to become one of the top ten buyers of US Treasury bonds this year, driven by growing demand for its flagship stablecoin USDT and the new compliant stablecoin USAT.

According to Tether's latest statement, 83.11% of USDT's reserves are in US Treasury bonds, worth over $122 billion. Hines stated that this holding places it among the top 20 holders of US Treasury bonds globally, between Germany and Saudi Arabia. Notably, according to data from accounting firm BDO, Tether holds approximately $6.3 billion in excess reserves. Hines also pointed out that Tether is the "world's 13th largest gold holder," possessing approximately 140 tons of gold reserves.