Tether: With 350 Million Users, Has Partnered with 180 Institutions in 45 Jurisdictions
Tether: A Cornerstone of Modern Finance, Holding More US Treasury Bonds Than Germany, UAE, and Australia
PANews reported on September 18th that Tether has declared itself a cornerstone of the modern financial ecosystem. With 350 million users globally, Tether's reserves primarily consist of US Treasury bonds, totaling over $97.6 billion. If considered a nation, Tether's US Treasury bond holdings would rank 18th globally, surpassing those of countries like Germany, the United Arab Emirates, and Australia.
Tether emphasizes financial transparency, resilience, and collaboration with global law enforcement agencies, positioning itself as a leader in the stablecoin market. The company claims to be an industry leader in supporting global law enforcement and is committed to combating cryptocurrency fraud. Since its inception, Tether has partnered with 180 institutions across 45 jurisdictions, freezing approximately 1,850 wallets involved in illicit activities and recovering over $113.8 million in assets.
Tether is also a driving force behind global financial inclusion, providing unprecedented support for the dominance of the US dollar. The company has demonstrated resilience and stability in the face of market volatility.