Tether’s $120B U.S. T-Bill Haul Tops Germany – Is a New Debt Whale Rising?

Tether has secured 19th place among Treasury holders with $120B in short-dated U.S. bills, outpacing Germany. Q1 reserves of T-bills, repos, cash and gold have delivered $1B profit, steadied USDT during market turmoil and emphasized stablecoins’ support for U.S. debt.