Tether Debt Soars to $135B, Surpassing South Korea
Tether's $135 billion U.S. Treasury bill holdings now rank it as the 17th largest global holder of U.S. debt, eclipsing sovereign nations like South Korea. The stablecoin issuer's growing Treasury portfolio underscores its transformation from a digital currency operator to a major financial entity.
USDT's dominance as the most traded cryptocurrency is now backed by short-term debt instruments that rival national reserves. CEO Paolo Ardoino positions this as evidence of dollar-pegged crypto assets maturing into traditional finance counterparts.
The scale of Tether's Treasury exposure reflects strategic moves to bolster credibility while maintaining liquidity for its stablecoin operations. This development signals deeper convergence between digital asset markets and conventional financial systems.
