Tether’s $127B Treasury Holdings Poised to Rank Among Top Foreign Holders by 2033
Tether's aggressive accumulation of U.S. Treasuries—totaling $127 billion as of June 30—positions the stablecoin issuer to break into the top five foreign holders by 2033. The projection hinges on maintaining current purchase momentum, with $105.5 billion held directly in bills and $21.3 billion via indirect exposure.
At its 2024 net acquisition rate of $33.1 billion ($2.8 billion monthly), Tether already ranks as the seventh-largest buyer this year. The threshold for fifth place remains volatile, with Belgium currently holding $428 billion in custodial Treasuries according to July 2025 data.
The scale underscores crypto's growing influence on traditional finance: Tether's Treasury stash now exceeds the reserves of most sovereign nations, trailing only giants like Japan's $1.15 trillion holdings. This trajectory mirrors institutional adoption patterns seen during Bitcoin's ascent as a macro asset.
