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Quick Take

• This month, the USDT attestation report for Q1 2023 showed it held $53 billion worth of U.S. treasuries.
• If Tether were a country, it would be the 25th largest holder of U.S. treasuries.
• Tether (USDT) said it would use 15% of its net realized operating profits to purchase Bitcoin (BTC). CryptoSlate‘s recent market report provides more in-depth coverage of the purchase.
• The data below demonstrate the range of nations holding U.S. treasuries, which CryptoSlate analyzed assuming Japan and China continue to lessen dependency on U.S. treasuries.

US Treasuries: (Source: Gabor Gurbacs)

US Treasury Holdings: (Source: ticdata.treasury.gov)

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