Tether’s $120 Billion Treasury Stash Surpasses Germany, Ranks 19th Globally
Tether, the powerhouse behind the stablecoin USDT, has made headlines by surpassing Germany to become the 19th-largest holder of US government debt, with a staggering $120 billion in US Treasuries. This milestone underscores the growing impact of cryptocurrency firms on traditional finance, but it also raises important questions about the role of stablecoin issuers in the global economy.
- Tether holds $120 billion in US Treasuries, ranking 19th globally.
- These holdings surpass Germany’s $111.4 billion in US Treasuries.
- Tether was the seventh-largest buyer of US Treasuries in 2024.
- The company reported over $1 billion in profits from conventional investments in Q1 2025.
- USDT’s market cap surpassed $150 billion, marking significant growth.
- Over 250 million users conducted 5.8 billion stablecoin transactions in the last year, totaling $33.6 trillion.
- Tether listed Tether Gold (XAUₜ) on Maxbit, a Thai exchange, following regulatory changes in Thailand.
Tether’s rise to this position is not just about numbers; it’s a testament to how stablecoins like USDT are reshaping the financial landscape. Stablecoins are digital currencies designed to maintain a stable value, often pegged to a fiat currency like the US dollar. USDT, in particular, has become a crucial tool for transactions and liquidity in the crypto world.
US Treasuries, on the other hand, are debt securities issued by the US government, considered one of the safest investments due to their backing by the full faith and credit of the United States. Tether’s significant holdings in these securities not only highlight their financial strategy but also their integration into the traditional financial system.
Paolo Ardoino, Tether’s CTO, highlighted their unique position with a tweet that captures the essence of their journey:
“Tether was the 7th largest buyer of U.S. Treasuries in 2024, compared to Countries
