最新报道:Tether became the seventh-largest net buyer of US Treasuries in Q2 2025, adding $8 billion to its reserves and positioning itself as a quasi-sovereign allocator. This strategy aligns with its model of backing USDT with liquid, low-risk assets while benefiting from high short-term yields. The move highlights stablecoins' institutional role in global USD markets and underscores liquidity concentration risks, as any shock to Treasury holdings could impact crypto and dollar funding channels. Tether’s rise as a top-10 foreign buyer reflects stablecoin issuers' growing systemic relevance in sovereign debt markets.