Tether, a prominent stablecoin issuer, has become the 18th largest holder of U.S. Treasuries according to a recent attestation report.
Tether and Its Treasury Holdings
In its second quarter 2025 report, Tether revealed that its holdings in U.S. Treasury bills amount to $127 billion. The firm stated it has $105.5 billion in direct U.S. Treasury exposure and $21.3 billion indirectly. This represents a $7 billion increase from the first quarter.
Increase in Market Capitalization
Tether's market cap surged by 19% in 2025, reaching $163.6 billion. Year-to-date, $26 billion in USDT has been issued, indicating rising global demand for dollar-backed stablecoins. Tether's current holdings exceed those of countries like Norway, India, and Brazil.
CEO of Tether's Remarks
Tether's CEO Paolo Ardoino stated that the trust in the company has been on the rise as reflected in the performance of the second quarter of 2025. He said, "Q2 2025 affirms what markets have been telling us all year: Trust in Tether is accelerating."
Tether continues to strengthen its position as a key player in the stablecoin and government asset market, reflecting the growing financial significance of the company.
