系绳超过德国，成为美国国债的第19大持有人

USDT Stablecoin的发行人Tether刚刚通过超越德国以保持美国财政债券的身份达到了历史性的里程碑。

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

USDT Stablecoin的发行人Tether刚刚通过超越德国以保持美国财政债券的身份达到了历史性的里程碑。

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

该公司凭借超过1,200亿美元的投资，成为全球第19大持有人，超过了几个国家。

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

全球领先的Stablecoin USDT的发行人在美国财政债券的持有人的排名中正式超过了德国。

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.

根据美国财政部的最新数据，Tether在这些主权债务证券上投资了超过1,200亿美元，而德国为1,14亿美元。这一壮观的飞跃将加密货币公司在所有投资国家中排名第19位。

The figures are striking:

这些数字令人震惊：

* U.S.: 3.94 trillion dollars

*美国：3.94万亿美元

* China: 1.046 trillion dollars

*中国：1.046万亿美元

* Japan: 940.6 billion dollars

*日本：9406亿美元

* India: 700 billion dollars

*印度：7000亿美元

* Britain: 666.3 billion dollars

*英国：66663亿美元

* Hong Kong: 588.4 billion dollars

*香港：58844亿美元

* Canada: 506.8 billion dollars

*加拿大：5068亿美元

* Taiwan: 490 billion dollars

*台湾：4900亿美元

* Mexico: 480 billion dollars

*墨西哥：4800亿美元

נרמל מחיר קניה לכל מחיר בניגוד למחיר הנוכחי

与当前价格相反的任何价格的购买价格归一化

* Norway: 470 billion dollars

*挪威：4700亿美元

* Kuwait: 440 billion dollars

*科威特：4400亿美元

* Vietnam: 430 billion dollars

*越南：4,300亿美元

* Brazil: 420 billion dollars

*巴西：4200亿美元

* Saudi Arabia: 410 billion dollars

*沙特阿拉伯：4100亿美元

* Turkey: 400 billion dollars

*土耳其：4000亿美元

* Russia: 390 billion dollars

*俄罗斯：3900亿美元

* 19th place: Tether with over 120 billion dollars

*第19位：超过1,200亿美元的束缚

* 20th place: Korea with 380 billion dollars

*第20位：韩国有3800亿美元

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.

2024年初，特特（Tether）已经在最大的年度财政债券购买者中攀升至第七名，领先于加拿大，台湾，墨西哥和挪威等几项经济大国。

“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.

Tether在其最新季度报告中说：“这个里程碑进一步增强了我们的审慎储备战略，同时强调了我们在全球流动性分配中的不断增长的作用。”

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.

这一崛起与USDT大写的爆炸式爆炸相吻合，后者最近超过1500亿美元。 Tether现在占全球稳定市场的61％的占主导地位，巩固了其作为该蓬勃发展行业无可争议的领导者的地位。

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

在2025年第一季度加密货币市场动荡中，该公司的传统投资特别精明。

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.

正如其认证报告中所述，Tether宣布从其“传统投资”中宣布超过10亿美元的利润，这主要归功于其美国国债债券投资组合的稳固表现。

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

但是，这一利润被与加密货币市场波动有关的损失所部分抵消，该损失量的量量为“不到8亿美元”。

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

此外，该报告表明，Tether的黄金储备“几乎完全”抵消了这些损失。

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

这种多元化策略表明，稳定发行人的成熟度日益增长，该发行人在传统的金融和加密创新之间巧妙地导航。

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.

随着华盛顿在监管方面的活跃，这一成功就来了。国会辩论了两个主要法案：稳定法案，已经在众议院委员会的委员会中批准，而天才项目则在5月初面临政治抵抗。这些举措旨在清楚地调节美国土壤上的稳定剂。

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.

同时，Tether正在准备推出针对美国市场的专门针对美国市场的新的Stablecoin。一项战略倡议，可以进一步加强其在生态系统中的主导地位。