Tether Becomes One of the World’s Largest Holders of U.S. Treasurys
Tether, the issuer of the world’s largest stablecoin ($USDT ), has reached a historic financial milestone, surpassing South Korea to become the 18th-largest holder of U.S. Treasury bills globally.
In its Q2 2025 attestation report, Tether revealed:
▪️ $127 billion in total U.S. Treasury holdings
▪️ $105.5B held directly, $21.3B indirectly
▪️ Up from $120B in Q1 — previously ahead of Germany
▪️ Now overtaking South Korea ($124.2B), closing in on Saudi Arabia ($127.7B)
USDT’s market cap has also soared:
▪️ From $137B on Jan 1 → $163.6B today
▪️ $26B in new $USDT issued in 2025 alone
▪️ Reflects rising global demand for dollar-backed stablecoins
Tether CEO Paolo Ardoino said:
> “Q2 2025 affirms what markets have been telling us all year: Trust in Tether is accelerating.”
Why it matters:
Tether now holds more U.S. government debt than many developed countries, solidifying its role not just in crypto, but as a major player in global finance. With a growing Treasury portfolio and record stablecoin issuance, Tether is positioning itself at the center of digital monetary flows.
Tether’s rise reflects a broader trend: stablecoins are going mainstream, and private crypto firms are taking on sovereign-level financial influence.