Tether Just Did What Bitcoin Never Could — Become The World’s Shadow Central Bank
Posted On November 3, 2025
Bitcoin (CRYPTO: BTC) wanted to upend the financial system; Tether (CRYPTO: USDT) quietly built one of its own. With more than $135 billion parked in U.S. Treasuries — more than South Korea — and $10 billion in profits this year alone, the world’s biggest stablecoin issuer has become something the crypto world never intended to create: a central bank in all but name.
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A Stablecoin with Sovereign Reach
Tether’s latest attestation report shows $181 billion in reserves backing its tokens, giving it immense influence over global liquidity. The company’s exposure to Treasuries now places it among the top 20 holders of …
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