Tether Surpasses Germany as the 19th Largest Holder of U.S. Treasury Bonds

Tether, the issuer of the USDT stablecoin, has just reached a historic milestone by surpassing Germany in holding U.S. Treasury bonds.

Tether, the issuer of the USDT stablecoin, has just reached a historic milestone by surpassing Germany in holding U.S. Treasury bonds.

With over 120 billion dollars invested, the company ranks as the 19th largest global holder, overtaking several nations.

The issuer of USDT, the world’s leading stablecoin, has officially surpassed Germany in the ranking of holders of U.S. Treasury bonds.

According to the latest data from the U.S. Department of the Treasury, Tether has invested more than 120 billion dollars in these sovereign debt securities, compared to 111.4 billion for Germany. This spectacular leap places the crypto company 19th worldwide among all investing countries.

The figures are striking:

* U.S.: 3.94 trillion dollars

* China: 1.046 trillion dollars

* Japan: 940.6 billion dollars

* India: 700 billion dollars

* Britain: 666.3 billion dollars

* Hong Kong: 588.4 billion dollars

* Canada: 506.8 billion dollars

* Taiwan: 490 billion dollars

* Mexico: 480 billion dollars

נרמל מחיר קניה לכל מחיר בניגוד למחיר הנוכחי

* Norway: 470 billion dollars

* Kuwait: 440 billion dollars

* Vietnam: 430 billion dollars

* Brazil: 420 billion dollars

* Saudi Arabia: 410 billion dollars

* Turkey: 400 billion dollars

* Russia: 390 billion dollars

* 19th place: Tether with over 120 billion dollars

* 20th place: Korea with 380 billion dollars

Earlier in 2024, Tether had already climbed to 7th place among the largest annual buyers of Treasury bonds, ahead of several economic powers such as Canada, Taiwan, Mexico, and Norway.

“This milestone further strengthens our prudent reserves management strategy while highlighting our growing role in the global dollar liquidity distribution,” Tether stated in its latest quarterly report.

This rise coincides with the explosion in USDT’s capitalization, which recently crossed 150 billion dollars. Tether now dominates 61% of the global stablecoin market, consolidating its position as the undisputed leader in this booming sector.

The company’s traditional investments proved particularly savvy amid crypto market turbulence during the first quarter of 2025.

As stated in its attestation report, Tether declared more than one billion dollars in profit from its “traditional investments,” mainly thanks to the solid performance of its U.S. Treasury bond portfolio.

However, this profit was partially offset by losses linked to crypto market volatility, which Tether quantifies at “less than 800 million dollars.”

Moreover, the report specifies that Tether’s gold reserves have “almost entirely” offset these losses.

This diversification strategy demonstrates the growing maturity of the stablecoin issuer, which has skillfully navigated between traditional finance and crypto innovation.

This success comes as Washington is active on the regulatory front. Two major bills are being debated in Congress: the STABLE Act, already approved in a committee in the House of Representatives, and the GENIUS project, which faced political resistance in early May. These initiatives aim to clearly regulate stablecoins on U.S. soil.

Meanwhile, Tether is preparing to launch a new stablecoin specifically targeted at the American market, aimed at regulated financial institutions. A strategic initiative that could further strengthen its dominant position in the ecosystem.