EddieJayonCrypto
27 May 25
Paolo Ardoino, CEO of Tether Holdings, states that the USDT stablecoin is largely backed by safe and highly liquid assets, including over $125 billion in US Treasuries. With $152 billion in issued tokens and $172 billion in total reserves, Tether holds more US Treasuries than Germany, UAE, Spain, an...
Tether's USDT stablecoin is backed by over $125 billion in US Treasuries, making it the 18th-largest holder globally, surpassing countries such as Germany and the UAE.Paolo Ardoino, CEO of Tether Holdings, emphasizes that USDT is largely supported by safe and highly liquid assets, including more than $125 billion in US Treasuries. With $152 billion in issued tokens and $172 billion in total reserves, Tether outpaces Germany, UAE, Spain, and Australia in its holdings of US government debt.According to US Treasury data, Germany and the UAE hold $111.4 billion and $104.4 billion in Treasuries respectively. Were Tether a nation, it would rank as the 18th-largest foreign holder of US Treasuries.Other countries holding more US Treasuries than Tether include Japan, China, the United Kingdom, and Canada among others. Ardoino highlights an ongoing strategy to expand Tether’s base in US Treasuries.US Treasury Secretary Scott Bessent recently noted that stablecoins could dramatically increase demand for US government debt, potentially adding $2 trillion in the short term compared to the current demand estimated at $300 billion.This surge in stablecoin-backed demand signals a significant shift in the landscape of US Treasury investors and underscores the growing influence of cryptocurrency entities in traditional finance markets.