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Tether says Treasury exposure neared $120 billion in Q1, posts $1 billion profit

Quick Take Tether said its “total exposure” to U.S. Treasurys had neared $120 billion at the end of March. The $120 billion figure includes indirect Treasury exposure through money market funds and reverse repurchase agreements. USDT issuer Tether said its "total exposure" to U.S. Treasurys had neared $120 billion at the end of March, according to a report published Thursday.Tether's USDT is the world's largest U.S. dollar-pegged stablecoin by supply, with over $149 billion worth in circulation....

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