Washington’s position on Tether has shifted sharply, according to CryptoSlate. The company was previously fined for misleading the public about the dollar backing of its tokens. Today, however, Tether’s substantial demand for U.S. government debt is presented as a key reason for supporting the wider international use of its tokens. The report puts the figure at $114 billion and highlights the contrast between earlier regulatory concerns and the company’s current importance to the American debt market. The change illustrates how Tether and its USDT stablecoin have moved from being viewed primarily through a compliance lens to gaining attention for their role in financial markets. CryptoSlate argues that this evolution reflects broader changes in the cryptocurrency sector, where stablecoins are increasingly connected to traditional financial infrastructure. The report does not erase the company’s earlier controversy, but it emphasizes how its appetite for U.S. debt has altered the policy conversation around its global reach.
