Bo Hines projects Tether will become a top-10 U.S. Treasury bill buyer as reserves expand

Bo Hines, head of Tether's U.S. unit, said at Bitcoin Investor Week in New York City that Tether is on track to rank among the ten largest buyers of U.S. Treasury bills this year. The firm already holds over $122 billion in T-bills, alongside excess reserves and sizable gold holdings, and plans to boost purchases further as USDT usage grows and the new USAT stablecoin, designed to meet GENIUS Act requirements, gains traction.