Welcome to Latam Insights, a compendium of the most relevant crypto and economic news from Latin America over the past week. In this week’s edition of Latam Insights, El Salvador showcases its bitcoin experience before China, and Binance becomes the first securities-enhanced crypto exchange in Brazil. El Salvador Showcases Bitcoin Success in Key Meeting With […]
Tether Boasts $72.5 Billion US Treasury Exposure as Interest in National Debt Falters
Tether, the largest stablecoin in the cryptocurrency market, discussed how its leverage of U.S. treasury bills creates a steady demand for U.S. national debt as a backup of the USDT issuance. The company has exposure to almost $ 73 billion in U.S. debt, held directly, indirectly, or as collateral for reverse repo operations. Tether …