Hacker News Reader

In November 2022, Tether claimed that they hold US$40B in US Treasury bills "with an average maturity of less than 45 days".

https://assets.ctfassets.net/vyse88cgwfbl/1Xfu4398CIoMiuKjPh...

(Whether you should believe this claim is, of course, another story entirely.)

View on HN

My understanding is that US Treasury issues a bit more than 1000 billion USD worth T-bills each month. If this is true, Tether must be one of the largest T-bill purcahser (multiple percentages of total issuance every month). Count me sceptic. Somehow I would assume this would be big news in finacial world.

Edit: how do they claim bying them? I thought they had no us banking access?

Reply on news.ycombinator.com