Scott Bessent, who is immersed in the Senate confirmation process as President-elect Donald Trump's Treasury secretary nominee, only addressed crypto briefly.
Tether continued to rake in billions from its leading stablecoin. But, this year, it also invested more widely, in payments, telecoms, AI and bitcoin mining.
The new product aims to give access to T-Bill investments for individuals and organizations who were previously unable to invest in these products, the press release said.