Stablecoin-issuer Tether has turn into the 18th-largest holder of United States Treasurys globally, surpassing the holdings of South Korea, based on a latest attestation report.
On Thursday, Tether mentioned in its attestation report for the second quarter of 2025 that it holds $127 billion in US Treasury payments. The corporate mentioned it has $105.5 billion in direct US Treasury publicity and $21.3 billion held not directly.
Tether’s present holdings present a $7 billion improve from the primary quarter. On Could 19, the stablecoin issuer reported having $120 billion in T-bills, overtaking Germany’s holdings to take the nineteenth spot.
In keeping with US authorities information, the corporate’s present holdings exceed South Korea, which has $124.2 billion. It’s additionally inching nearer to the following nation, Saudi Arabia, which holds $127.7 billion in T-bills.
Tether’s market cap surged 19% in 2025
Tether’s present publicity signifies that it holds extra US authorities debt than a number of superior economies like Norway, India and Brazil. That is an unprecedented place for a non-public firm within the digital asset house.
The rise in Tether’s US Treasury holdings comes amid a broader enlargement of its USDt (USDT) stablecoin operations.
CoinGecko information exhibits that on Jan. 1, the stablecoin had a complete valuation of $137 billion. On the time of writing, the USDT market cap is $163.6 billion, up almost 19% year-to-date.
The info additionally exhibits that $26 billion in USDT has been issued year-to-date, highlighting the rising international demand for dollar-backed stablecoins.
The huge Treasury portfolio boosts market confidence in USDT’s reserve backing and positions Tether as a significant participant in international financial flows.
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Tether CEO says belief in Tether accelerated in 2025
Tether CEO Paolo Ardoino went on X to say “instructed you so,” sharing a meme to have a good time the corporate’s latest milestone.
Within the attestation report, Ardoino mentioned the corporate’s efficiency within the second quarter of 2025 exhibits that belief is growing. “Q2 2025 affirms what markets have been telling us all 12 months: Belief in Tether is accelerating,” he mentioned.
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