Stablecoin Market 'Ripe For Disruption,' Says Market Commentator, As Tether Rakes In Billions Through Interest On US Treasuries

Market commentator The Kobeissi Letter highlighted on Monday the massive scale of Tether (CRYPTO: USDT) in the U.S. treasuries market. Tether’s Profit Strategy Via US Treasuries In an X post, Kobeissi Letter said that the “stablecoin market is ripe for disruption,” emphasizing how Tether has become the 17th-largest holder of U.S. sovereign debt,  totaling roughly $135 billion. This places the company ahead of big economies such as South Korea, Saudi Arabia and Germany. When a user or institution wants t ...