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

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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 to buy USDT, they deposit dollars into a Tether bank account. Tether then invests these dollars to buy treasury bills, earning billions in interest income.

Notably, Tether reported…