Stablecoin issuer Tether has become the 18th largest holder of U.S. Treasury bonds globally, surpassing South Korea's holdings, according to the latest attestation report.
Last Thursday, Tether stated in its Q2 2025 attestation report that the company holds $127 billion in U.S. Treasury bonds. The company indicated that $105.5 billion is direct exposure to U.S. Treasuries, while $21.3 billion is held indirectly.
Tether's current holdings have increased by $7 billion since the first quarter. On May 19, the stablecoin issuer reported holding $120 billion in Treasury bonds, surpassing Germany's holdings and ranking 19th.
According to U.S. government data, the company's current holdings exceed South Korea's $124.2 billion. It is also approaching the next country, Saudi Arabia, which holds $127.7 billion in Treasury bonds.
Tether's current exposure means it holds more U.S. government debt than several developed economies, including Norway, India, and Brazil. This is an unprecedented position for a private company in the digital asset space.
The increase in Tether's U.S. Treasury holdings comes as its USDT stablecoin business expands more broadly.
Data from CoinGecko shows that on January 1, the total valuation of the stablecoin was $137 billion. As of the time of writing, the market cap of USDT is $163.6 billion, up nearly 19% year-to-date.
Data also shows that $26 billion in USDT has been issued year-to-date, highlighting the rising global demand for dollar-backed stablecoins.
The massive Treasury bond portfolio enhances market confidence in the reserves backing USDT and positions Tether as a major player in global currency flows.
Tether CEO Paolo Ardoino said on X, "I told you so long ago," sharing a meme to celebrate the company's latest milestone.
In the attestation report, Ardoino stated that the company's performance in Q2 2025 shows increasing trust. "Q2 2025 confirmed what the market has been telling us all year: trust in Tether is accelerating," he said.
Related: Democrats pressure banking regulators, questioning Trump’s conflict of interest in stablecoins
Original article: “Tether's U.S. Treasury Holdings Reach $127 Billion, Surpassing South Korea”
免责声明：本文章仅代表作者个人观点，不代表本平台的立场和观点。本文章仅供信息分享，不构成对任何人的任何投资建议。用户与作者之间的任何争议，与本平台无关。如网页中刊载的文章或图片涉及侵权，请提供相关的权利证明和身份证明发送邮件到support@aicoin.com，本平台相关工作人员将会进行核查。
