As Paolo Ardoino, the CEO of Tether, explains, CBDCs would make money a surveillance tool (3:11).

Former White House crypto advisor who is currently the head of cryptocurrency giant Tether in the U.S. has announced a new scheme regarding the buys of U.S Treasury Bills.

Tether is a large crypto enterprise, which is most famous due to its flagship USDT stablecoin.

In the previous month, Tether also released USAT, the federally authorized, USD-backed stablecoin that was created to run in the new federal stablecoin framework in the U.S. introduced by the GENIUS Act.

Connected: What is a stablecoin? Explained.

A stablecoin is a cryptocurrency that attempts to fix the value by being pegged to a stable asset such as a fiat currency or a commodity.

Both the USDT and the USAT are 1:1 pegged coins that are anchored on reserves such as U.S Treasury Bills.

Hines states that Tether might be among the 10 best U.S. Treasury Bill purchasers this year.

Hines believes that the growth in the demand of the USDT and USAT stablecoins may prompt Tether to buy more U.S. Treasury Bills in 2026.

I believe that we will be one of the top 10 buyers of T-bills this year.

The CEO of the Tether USAT said this when he was delivering a talk at the Bitcoin Investor Week conference in New York on Feb. 11.

Actually, 83.11 percent of Tether reserves are based on T-bills and the attestation shows that the amount of the U.S. government debt securities amounts to $122.32 billion as of the end of the year (31st December 2025).

Tether already holds 20 T-bills in the top 20 and all the sovereign states are included, added Hines.

Having over 122 billion worth of T- bills, Tether is miles ahead of such nations as Germany (109.8 billion), Israel (107.7 billion) in terms of its U.S. Treasury holdings.

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Hines said that to boost the level of its T-bills in reserves, they are evidently adding more and more of them as they prepare to meet this GENIUS compliance standard.

It should be noted that he reportedly contributed significantly to the development of the GENIUS Act as a former executive director of the White House Crypto Council during the time of President Donald Trump.

The GENIUS Act is signed by President Donald Trump at the White House in Washington, DC in July 18, 2025.

Trump signed the GENIUS Act in July last year, and the position was resigned a month later by Hines.

Under the GENIUS Act, dollar holdings like short-term U.S. Treasury Bills are to be fully and equally collateral to all USD-pegged stablecoins regulated. This is the reason why Hines is confident that Tether will be listed among the 10 largest purchasers of T-bills.

According to Hines, the two will have the reciprocity with regard to the USDT and USAT.

Only Tether, he said, it is only Tether, you know, only Tether.

Onchain analytics platform, known as DeFiLlama, shows that the market cap of the total number of stable coins is now 307.456b.

The largest stablecoins in the world are USD, which covers 59.83 percent of the total market of stablecoins with a market cap of $183.94 billion.