According to @cypherpunkstore via @Excellion, @paoloardoino told CNBC that Tether now holds more U.S. Treasuries than Germany, Spain, Australia, or the UAE, making it the 5th largest buyer of U.S. debt. This significant shift in U.S. Treasury holdings signals robust reserve backing for USDT, enhancing market confidence in the stablecoin. For crypto traders, this development may reduce counterparty risk and increase liquidity for Tether pairs, potentially attracting institutional interest and boosting overall crypto market stability. Source: CNBC via @cypherpunkstore, May 23, 2025.