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Stablecoins Hold $149 Billion in US Treasuries, Ranking 18th Largest Holder

Tether's latest attestation report reveals its U.S. Treasury holdings have surged to $127 billion, surpassing South Korea and reinforcing its market position.

USDT

Summary

Tether has become the 18th largest holder of U.S. Treasuries, with $127 billion in holdings as of Q2 2025, surpassing South Korea. This marks a $7 billion increase from Q1 and highlights Tether's growing influence in the financial market. The stablecoin's market cap has also risen by 19% in 2025, reflecting strong demand for dollar-backed stablecoins.

Terms & Concepts
  • Stablecoin: A type of cryptocurrency designed to maintain a stable value by pegging it to a reserve of assets, often fiat currencies like the US dollar.
  • USDt (Tether USD): A stablecoin issued by Tether, pegged to the US dollar and backed by cash equivalents and US Treasurys.
  • US Treasurys: Debt securities issued by the U.S. Department of the Treasury to finance government spending, considered a safe investment.