Tether surpasses Germany's $111B of US Treasury holdings
Tether has surpassed Germany in US Treasury bill holdings, reaching over $120 billion, making it the 19th largest entity globally in T-bill investments. This milestone reflects Tether's conservative reserve management strategy and its role in providing dollar-denominated liquidity. In 2024, Tether was the seventh-largest buyer of US Treasurys, outpacing several countries. The firm reported over $1 billion in operating profit from traditional investments in Q1 2025, with its Treasury and gold portfolio mitigating losses from crypto market volatility. Clarity around US stablecoin regulations may increase investments in Tether's stablecoin. Two legislative proposals are under consideration: the STABLE Act, which has passed a committee vote, and the stalled GENIUS Act, which aims to establish collateralization guidelines for stablecoin issuers.
