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Tether holds more U.S. Treasury bonds than Germany, ranking 19th globally

Tether holds more U.S. Treasury bonds than Germany, ranking 19th globally

Bitget2024/05/18 06:37

According to Cryptoslate, Tether's comprehensive financial data for the first quarter of this year shows that as of March 31, the value of U.S. Treasury bonds it directly and indirectly held reached $91 billion. At the same time, the company also holds $5.4 billion worth of Bitcoin. According to data from the Treasury Department in March, Tether is the 19th largest holder of U.S. Treasury bonds among sovereign nations, located between South Korea and Germany. In response to this, former Speaker of the House Paul Ryan called for regulation on stablecoins because US treasury bonds held by Tether support digital fortress of dollar.

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