Tether’s $120 billion treasury storage room surpasses Germany and ranks 19th in the world
Tether has just entered a new field. Now, it is the 19th largest owner of U.S. government debt. This means that more private funds are parked in the treasury than many large countries.
Tether exceeds German Khazan Holdings
According to the 2025 certification report for the first quarter, Tether holds $120 billion in U.S. Treasury bonds. By comparison, Germany is $111.4 billion. This shift puts a stable issuer ahead of major sovereign investors. It also highlights how cryptocurrency companies use regular vanilla bonds to support digital dollars.
The role of rising in the U.S. debt market
According to a report by the U.S. Treasury Department, Tether is the seventh largest buyer of U.S. Treasury bonds in 2024. It surpasses Canada, Mexico, Taiwan and Norway. Short-term papers have become the asset of the issuer of the US dollar issuer.
Compared with the country, Tether is the seventh largest buyer of U.S. Treasury bonds in 2024. pic.twitter.com/feanul3fb2
– Paolo Ardoino🤖 (@paoloardoino) March 20, 2025
Stable demand may help Washington fund its record lending, but also raise questions about transparency. Tether releases proof, not a full review.
Image: Volet
Strong first quarter returns
According to Tether’s own data, the company booked more than $1 billion in profits from traditional investments in the first quarter of 2025. Most of this comes from the national treasury storage.
Its gold holdings also play a role by softening swings in the cryptocurrency market. To sum up, these gains show that safe current assets can still be delivered as the market swings. But they depend on the cost of borrowing remains low and the deposit run remains calm.
From 0 to $150B.
Born in 2014, Tether not only launched the dollar—it launched the entire Stablecoin industry.
Today, the US dollar is trusted by more than 400 million people.
For every user, builder and believer: Thank you ❤️
We’ve just started#unstoppabletogeth pic.twitter.com/ppc2puy1si– Tether (@tether_to) May 12, 2025
Record the growth and use of USDT
According to the report, USDT’s market value climbed by $150 billion for the first time. This year, that’s more than $11 billion. Over the past 12 months, more than 250 million users have completed 5.8 billion Stablecoin transactions worth $33.6 trillion.
Visa data shows that 12.2 million addresses purchased Stablecoins and received 242.7 million addresses. Citi predicts that Stablecoins could be worth $1.6 trillion by 2030, and standard charter flights will bring them $2 trillion by 2028.
The tether is branching. It listed Tether Gold (XAUₜ) on the Thai exchange Maxbit on May 13. The move follows Thailand’s March 2025 decision to allow transactions of USD return Stablecoins without additional restrictions. Now, tokenized gold and USDT can flow more freely in emerging markets in Asia.
Tether’s entry into the top 20 U.S. debt holders reflects a broader trend. Stablecoin issuers are quietly buying Treasury bonds, making it a key source of US dollar liquidity. It adds stability to the wild turn of cryptocurrencies. However, this also makes private players one of the largest markets in the world.
Featured images from Unsplash, charts for TradingView
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