US President Trump plans to launch overseas stablecoin program, with Tether holding $114.96 billion in US Treasury bonds

The US President Trump administration is considering launching an overseas stablecoin program, with the participation of the Treasury Department, State Department, and the US International Development Finance Corporation, to expand the use of the US dollar and support demand for US bonds. As of June 30th, Tether held $114.96 billion in US Treasury bonds, with total reserve assets of $187.75 billion, exceeding its liabilities by $4.11 billion. (Source: Bloomberg)