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Uyen Nguyen
@uyennguyen
Tether says Treasury exposure neared $120 billion in Q1, posts $1 billion profit USDT issuer Tether said its "total exposure" to U.S. Treasurys had neared $120 billion at the end of March, according to a report published Thursday. Tether's USDT is the world's largest U.S. dollar-pegged stablecoin by supply, with over $149 billion worth in circulation. The company publishes quarterly attestation reports detailing the reserves it keeps on hand to back USDT. Accounting firm BDO completes the attestations on behalf of Tether.
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