Washington has $114 billion reasons to want Tether around
Washington is reportedly considering an overseas stablecoin initiative to expand dollar use and demand for US Treasuries, though no operating program or Tether deal has been announced. Tether illustrates the appeal: USDT accounts for more than 60% of the stablecoin market, and the company reported $114.96 billion in directly held Treasury bills among $187.75 billion in reserves. Its global distribution can bring dollar access to people beyond conventional banking, while generating revenue for Tether and supporting demand for short-term US debt. The arrangement also gives Washington leverage through regulation and sanctions compliance, and exposes users to issuer controls. The piece argues that government support could advance US monetary influence but should include clear public-risk limits, reserve oversight, and protections for users.
