PANews reported on May 19th that according to Cointelegraph, based on the first-quarter report from stablecoin issuer Tether, its holdings of U.S. Treasury bonds have exceeded $120 billion, surpassing Germany's latest disclosed $111.4 billion in U.S. Treasury bonds. As a result, Tether has become the 19th largest U.S. Treasury bond holder globally. The company was the seventh-largest U.S. Treasury bond purchaser in 2024, surpassing sovereign nations such as Canada and Norway. In its first-quarter 2025 report, Tether stated that the traditional investment returns from its U.S. Treasury and gold investment portfolio exceeded $1 billion, almost offsetting the losses caused by cryptocurrency market volatility during the same period.
