How the US government benefits indirectly from the crypto market : 

No, I’m not talking about bitcoin seizures! 😆 It is something a little more subtle and not as obvious ! 🤔

I’m talking about Tether ( USDT ) the largest stablecoin by market cap. Tether is a bridge between fiat and crypto facilitating liquidity and stability.

USDT is backed 1:1 by reserves including cash, cash equivalents, and a significant amount of short term US Treasury bills. 

Tether reported a profit of $5.2B for the first half of 2024, a large portion from its holding US Treasury securities. It is predicted that Tether could become the largest holder of short term US Treasury securities within the year. 👀

Tether’s purchases of Treasury bills provide critical support for the US debt market at a time when foreign investor interest is declining in T bills. 

Rising bitcoin price = More investor interest = More USDT minted = More demand for T bills = US fiscal cushion among rising debt.

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Can a woman be good in the crypto world as a man? I want to check it⚖️                                            ▫️creator of the channel /sense

Well, big profit for Tether, but it also aids the US government as well because investors are losing interest in T bills ! Like a big bowl of spaghetti, everything is intertwined ! 😁

Wow, it’s big profit for government 😯

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Win Win for goverment and crypto! Thank you, Steve!