Source: Cointelegraph
Original: “Tether Surpasses Germany's $111.4 Billion U.S. Treasury Holdings”
Tether, the issuer of the world's largest stablecoin USDt (USDT), has surpassed Germany's $111.4 billion in U.S. Treasury holdings, according to data from the U.S. Treasury Department.
Tether's Treasury holdings have exceeded $120 billion, as disclosed in the company's attestation report for the first quarter of 2025. This positions Tether as the 19th largest entity globally in terms of Treasury investments.
"This milestone not only reinforces the company's prudent reserve management strategy but also highlights Tether's increasingly important role in the large-scale distribution of U.S. dollar liquidity," Tether stated in the report.
In 2024, Tether became the seventh largest buyer of U.S. Treasuries globally, surpassing Canada, Taiwan, Mexico, Norway, Hong Kong, and many other countries, as reported by Cointelegraph in March 2025.
Treasuries are debt securities issued by the U.S. government and are recognized as one of the safest and most liquid investment instruments in the world. Tether invests in Treasuries as an additional reserve asset for its dollar-pegged stablecoin.
Tether's traditional reserve assets helped the stablecoin giant successfully navigate the downward volatility of the crypto market in the first quarter of 2025.
Tether's report indicated that the company generated over $1 billion in operating profit from "traditional investments" in the first quarter of this year, "primarily due to the robust performance of its U.S. Treasury portfolio, while gold's performance nearly offset the volatility of the crypto market," according to the company's attestation report.
The increasing clarity of the U.S. stablecoin regulatory framework may attract more investment into Tether's dollar stablecoin, with some of the funds being used to further enhance the company's Treasury reserves.
The industry is currently closely monitoring the progress of two pieces of legislation. The "Stablecoin Transparency and Accountability for a Better Ledger Economy" (STABLE) Act is awaiting scheduling for debate and a full vote in the House of Representatives, after passing the House Financial Services Committee with a vote of 32-17 on April 2.
However, the "Guidance and Establishment of a National Innovation for U.S. Stablecoins" (GENIUS Act) faced resistance on May 8, failing to gain support from key Democrats, with some expressing concerns about potential financial interests in clear crypto regulation due to Trump's family's digital asset business.
On May 14, at least 60 top cryptocurrency founders gathered in Washington, D.C., to support the GENIUS Act, which aims to establish collateral guidelines for stablecoin issuers and requires full compliance with anti-money laundering regulations.
Related: Reports indicate that Sequoia Capital executives were also victims of the Coinbase data breach.
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