Categories: MarketsMenafn

Tether Becomes Seventh-Largest Holder of U.S. Treasuries

Tether, the company behind the world’s leading stablecoin USDT, has become the seventh-largest holder of U.S. Treasurys, surpassing countries including Canada, Taiwan, and Mexico.

The firm’s $33.1 billion in Treasury holdings reflect the growing role of stablecoins in financial markets and are used to back the $143 billion worth of USDT in circulation, among other cash equivalents the firm uses to back its tokens 1:1.

Related: Stablecoins Outpace Visa and Mastercard in 2024 With $27.6 Trillion in Transactions

Tether Investments in Treasuries

According to Tether CEO Paolo Ardoino, the company ranks behind the Cayman Islands, which holds over $100 billion in Treasurys. Unlike some jurisdictions, where hedge funds drive demand, Tether’s holdings represent direct investments by a single entity.

Short-term Treasurys are considered among the safest and most liquid assets, reinforcing confidence in the peg to the U.S. dollar.

Stablecoin Adoption Keeps Growing

The rise in stablecoin adoption extends beyond Tether. The total supply of the sector has surpassed $230 billion, suggesting continued market growth according to data from DeFiLlama.

Analysts at IntoTheBlock believe this indicates the crypto bull market is still in its mid-cycle, rather than approaching a peak.

Meanwhile, U.S. lawmakers are progressing toward stablecoin regulations. Kristin Smith, CEO of the Blockchain Association, said the legislation could be finalized by August, aligning with a forecast from the President’s Council of Advisers on Digital Assets.

Just recently, Dubai took a significant step in the adoption of digital assets by recognizing USDC and EURC as the first approved stablecoins under the Dubai Financial Services Authority (DFSA).

Related: Tether Announces Investment in Juventus Football Club

Jerry Rolon

After working for 7 years as a Internet Marketer, Jerry now aims to explore the journalistic side of Internet. With his impeccable knowledge in this domain, he churns out some of the best news articles from the internet niche. With respect to acedamics, Jerry earned a degree in business from California State University.

Recent Posts

XRP encountered liquidation? Ripplecoin Mining launched XRP cloud mining contracts to help holders obtain stable daily income

Despite the increased market volatility, Ripplecoin Mining uses AI intelligent computing power system and flexible…

11 hours ago

XRP Popularity Surges: SunnyMining Launches High-Yield Cloud Mining Plans to Turn XRP Holdings into Daily Income

Los Angeles, California, 25th July 2025, ZEX PR WIRE, XRP is rapidly evolving from a payment-focused token…

11 hours ago

Are You Still Envious of Others Who “Make Money by Holding Coins”? The Biggest Winner This Year May Be XRP Holders

Los Angeles, California, 25th July 2025, ZEX PR WIRE, As XRP continues to lead the crypto market,…

11 hours ago

SHHEIKH Token Soars 60% in two weeks: Over $2.8M raised. The Next BTC or SOL in the Making?

SHHEIKH, the world’s first AI-powered real estate tokenization ecosystem, has stunned early investors with a…

1 day ago

Ajman Bank Reports AED 266 Million in H1 2025 Profit Before Tax, Marking 14% Growth Driven by Core Performance and Operational Efficiency

Ajman, UAE, 24th July 2025, His Highness Sheikh Ammar bin Humaid Al Nuaimi, Crown Prince…

2 days ago

CryptoBigBox.com: A Clean, No-Gimmicks Source for People Who Actually Use Crypto

Dubai, UAE, 24th July 2025, ZEX PR WIRE, Most websites talking about crypto have one…

2 days ago