Stablecoin Giant Tether Now Holds More US Treasuries Than South Korea and UAE
Tether's US Treasury holdings reached $135 billion, making it the 17th largest global holder of American debt.Summary
Tether's holdings of US Treasuries have surged to $135 billion, positioning the stablecoin issuer as the 17th largest holder of US debt globally, surpassing South Korea. This growth follows the implementation of the GENIUS Act in July 2025, which mandates stablecoin reserves be held in low-risk assets like Treasuries, accelerating the stablecoin market's projected growth to $2 trillion by 2028. Concurrently, Tether Gold (XAU™) surpassed a $2 billion market cap, driven by high gold prices and increased demand for tokenized real-world assets (RWA). Tether's expanding role in US debt ownership, alongside Circle, demonstrates the growing influence of stablecoin issuers in global liquidity, potentially impacting the dollar's dominance and interest rates.
(Source：BeInCrypto)