Key Notes
- Stablecoin issuer Tether has outperformed South Korea and three other countries with $135 billion in US debt.
- It is the 17th largest holder of the asset, trailing Brazil.
- Tether recently celebrated reaching 500 million verified users.
Tether CEO Paolo Ardoino took to X to announce that his company is now the 17th-largest holder of United States debt. At this position, the issuer of the largest stablecoin, USDT, has outranked South Korea, the UAE, and Germany, and is already looking to push past Brazil.
Tether Holds $135 Billion in US Treasury
Tether is currently boasting of $135 billion in US debt. Tether first surpassed Germany way back in May this year. It’s worth mentioning that the largest holder of the US Treasury, with way more than $1.1 trillion in assets, is Japan.
With 135 billion of U.S Treasuries, Tether is now the 17th largest holder of U.S debt, passing also South Korea.
Soon…
