WuBlockchain
Tether is already the 16th or 17th-largest holder of US Treasuries, CEO Paolo Ardoino said in an August 30, 2026 video interview with The Wolf of All Streets. He said the issuer will keep buying as USDT's market cap grows, moving first into the top 10 and then the top 5.
Why it matters
The strategy connects USDT growth with recurring demand for short-term US government debt. Ardoino also said Tether is already a top-five buyer in some short-term Treasury auctions when hedge funds consolidated through the Cayman Islands are excluded.
He argued that concentrated holdings by antagonistic states create a risk because one decision maker can press a button and dump hundreds of billions of dollars in a day. By contrast, Ardoino said stablecoin technology has spread ownership of US debt across 650 million people.
Market impact
The market link is USDT growth: as its market cap expands, Ardoino says Tether will keep buying Treasuries and climb the rankings. That would make stablecoin demand a more visible source of Treasury buying, with the issuer's move from 16th or 17th toward the top 10 and top 5 as the key milestones.
Frequently asked questions
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What is Tether's current position among US Treasury holders?
Paolo Ardoino said Tether is already the 16th or 17th-largest holder of US Treasuries.
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What would move Tether into the top 5 Treasury buyers?
Ardoino linked the climb to USDT's market-cap growth and said Tether would move first into the top 10 and then the top 5 as it keeps buying Treasuries.
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How does Tether rank in some short-term Treasury auctions?
Excluding hedge funds consolidated through the Cayman Islands, Ardoino said Tether is already a top-five buyer in some short-term Treasury auctions.
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What concentration risk did Ardoino identify in US debt holdings?
He argued that one decision maker at an antagonistic state could dump hundreds of billions of dollars in a day, making concentrated holdings dangerous.
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How many people did Ardoino link to stablecoin-based US debt ownership?
He said stablecoin technology has spread ownership of US debt across 650 million people.
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