Circle and Tether hold over $145 billion in US Treasuries, surpassing several G20 economies.

Circle and Tether hold over $145 billion in US Treasuries, surpassing several G20 economies.

Circle and Tether, two prominent players in the cryptocurrency sector, have collectively amassed over $145 billion in US Treasury bonds, a significant milestone that places them ahead of several G20 economies. This development underscores the growing influence of cryptocurrencies in global finance.

Tether, the issuer of the USDT stablecoin, has been particularly notable in this regard. According to its attestation report for the second quarter of 2025, Tether holds $127 billion in US Treasury bonds, including $105.5 billion in direct exposure and $21.3 billion via indirect instruments [1]. This represents a net increase of $7 billion over the previous quarter, highlighting the company's consistent growth momentum. Tether's holdings have grown to such an extent that it now surpasses South Korea, a G20 member, in terms of US Treasury bonds held.

Circle, another major player in the cryptocurrency space, has also made significant strides in its US Treasury holdings. While specific figures for Circle's holdings are not provided in the source materials, it is known that the combined holdings of Circle and Tether exceed $145 billion. This figure positions them ahead of several G20 economies, including South Korea, which holds approximately $110 billion in US Treasury bonds.

The growth of USDT, Tether's flagship stablecoin, has been a significant driver of this trend. Since January, the capitalization of USDT has risen from $137 billion to $163.6 billion, representing a 19% increase [1]. This growth is attributed to factors such as monetary uncertainty, local devaluation, and the global need for a reliable digital dollar equivalent.

The strategic decision to hold substantial US Treasury bonds is part of Tether's broader strategy to lend credibility to USDT by backing it with solid, liquid, and universally recognized assets. This approach has not only enhanced the stability of USDT but also positioned Tether as a major player in the global financial landscape.

The increasing influence of cryptocurrencies like USDT and the companies behind them, such as Tether and Circle, is a testament to the evolving role of digital assets in the global financial system. As these entities continue to expand their holdings and influence, they are poised to play an even more significant role in shaping the future of finance.

References:
[1] https://www.cointribune.com/en/crypto-tether-surpasses-south-korea-with-127-billion-in-u-s-treasury-holdings/