Tether Now Holds $72.5B in US Treasury Bonds, Surpassing UAE, Mexico, Australia, and Spain

Tether is now the 22nd largest holder of US T-Bills, surpassing UAE, Mexico, Australia, and Spain.

Tether , the issuer of the world’s largest stablecoin USDT, currently holds $72.5 billion in US Treasury Bills (T-Bills), according to a statement from the company’s CTO Paolo Ardoino. This makes Tether the 22nd largest holder of T-bills globally, surpassing the United Arab Emirates, Mexico, Australia, and Spain.

Tether Continues to Increase Its T-Bills Holdings

The holdings mark a significant increase from the $53 billion Tether held as of March 2023.  

The latest development underscores Tether’s efforts to continue backing the USDT

In its Q2 report, Tether revealed consolidated total assets of $86.4 billion against consolidated total liabilities of $83.17 billion. At the same time, the leading stablecoin issuer’s operational profits exceeded $1 billion, marking a significant increase of 30% from the previous quarter.

USDT is the world’s largest stablecoin and the third-largest cryptocurrency, with a market cap of $82.8 billion, according to CoinGecko. As stated by Ardoino, USDT is the most used stablecoin globally, with a major focus on emerging markets.

@Tether_to $USDt https://t.co/7hC12Nhzdq

September 5, 2023

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