Tether CTO Paolo Ardoino’s comments were a response to a report highlighting that China is moving out of U.S. debt and buying gold.
) in various emerging markets across the globe. According to him, USDT is providing communities a “lifeline to protect themselves” against the rampant inflation in their national currencies.the lowering rate of China’s ownership of U.S. T-bills. According to the report, China is getting out of U.S. debt and is moving its funds into gold.
Tether’s ownership of billions worth of T-bills was also reported by the company earlier this year. On July 31, the company
Canada Latest News, Canada Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
U.S. Treasury yields rise as investors weigh economic outlookU.S. Treasury yields climbed on Tuesday as investors considered what could be next for the economy following last week’s key data releases.
Read more »
Treasury yields higher amid concern of stubborn inflationary pressuresBond yields rose on Tuesday as revived inflation angst trumped concerns of a slowing global economy.
Read more »
The Fed's inflation fight will push the 10-year Treasury yield to 5%The U.S. economy will likely see growth around 2% and inflation closer to 3%.
Read more »
Treasury yields edge higher amid concerns about stubborn inflationary pressuresU.S. yields rise Tuesday morning as revived inflation angst trumps concerns about a slowing global economy.
Read more »