Tether’s US treasury holdings surpass Canada, Taiwan, ranks 7th globally

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Tether, the $143 cardinal stablecoin giant, was the world’s seventh-largest purchaser of United States Treasurys, surpassing immoderate of the world’s largest countries.

Tether, the issuer of USDt (USDT), the world’s largest stablecoin, was the world’s seventh-largest US treasury buyer, surpassing Canada, Taiwan, Mexico, Norway, Hong Kong, and galore different countries.

The stablecoin issuer acquired implicit $33.1 cardinal worthy of treasuries, compared to implicit $100 cardinal purchased by the Cayman Island successful the archetypal spot successful planetary rankings, according to Paolo Ardoino, the CEO of Tether.

“Tether was the 7th largest purchaser of US Treasurys successful 2024, compared to Countries,” wrote Ardoino successful a March 20 X post.

However, Luxembourg and the Cayman Islands figures see “all the hedge funds buying into t-bills,” noted Ardoino successful the replies, whereas Tether’s figures correspond the investments of a azygous entity.

Tether is investing successful US Treasurys arsenic further backing assets for its US dollar-pegged stablecoin since treasuries are short-term indebtedness securities issued by the US authorities and are considered immoderate of the safest and astir liquid investments available.

Tether’s important maturation comes during a play of increasing stablecoin adoption among some investors and US lawmakers.

The increasing stablecoin proviso precocious surpassed $219 billion and continues to rise, suggesting that the marketplace is “likely inactive mid-cycle” arsenic opposed to the apical of the bull run, according to IntoTheBlock analysts.

Stablecoin measure whitethorn walk arsenic soon arsenic August: Blockchain Association

US lawmakers are connected way to walk authorities mounting rules for stablecoins and cryptocurrency marketplace operation by arsenic soon arsenic August, Kristin Smith, CEO of manufacture advocacy radical the Blockchain Association, said during Blockworks’ 2025 Digital Asset Summit successful New York.

Smith’s timeline echoes a akin forecast by Bo Hines, the enforcement manager of the President’s Council of Advisers connected Digital Assets, who said connected March 18 that helium expects to spot comprehensive stablecoin authorities successful the coming months.

“I deliberation we’re adjacent to being capable to get those done for August […] they’re doing a batch of enactment connected that down the scenes close now,” Smith said connected March 19 astatine the Summit, which Cointelegraph attended.

“I’m optimistic erstwhile you person the chairs of the applicable committees successful the House and the Senate and the White House that privation to bash something, and you’ve got bipartisan votes successful Congress to get it there,” she added.