Tether holds more U.S. Treasuries than Germany, ranking 19th in the world
2024-05-18 06:56:58
On May 18th, Tether released this year's Quarter 1 consolidated financial data showing that as of March 31st, its direct and indirect holdings of US Treasury bonds were worth as much as $91 billion. At the same time, the company also holds Bitcoin worth $5.40 billion. According to the March data of the Treasury Department, Tether is the 19th largest holder of US Treasury bonds among sovereign countries, located between South Korea and Germany. In response, former House Speaker Paul Ryan called for the regulation of stablecoins, as Tether's holdings of US Treasury bonds support the digital fortress of the US dollar.
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