USDT becomes the 153rd largest asset in the world! Tether holds more than $90 billion in U.S. debt, surpassing Germany

Driven by the recovery of the cryptocurrency market, Tether, the US dollar stablecoin USDT issuer, achieved a net profit of US$4.52 billion in the first quarter of this year, setting a new record high, of which approximately US$1 billion came from The remaining $3.52 billion in net operating profit from holding U.S. Treasury bonds comes from mark-to-market gains from the company’s Bitcoin and gold positions.

Tether becomes the 19th largest holder of U.S. debt

It is worth noting that in terms of USDT reserves, as of March 31, Tether held up to US$90.87 billion in U.S. Treasury bonds, accounting for Nearly 90% of USDT’s total reserves of $110.2 billion.

If compared with sovereign countries, according to data recently released by the U.S. Treasury Department as of March, the value of Tether’s U.S. Treasury bond holdings has surpassed Germany and ranked 19th in the world. Germany holds US$85.5 billion in US Treasury bonds, while South Korea, ranked 18th, holds approximately US$11.39 billion in US Treasury bonds.

##Japan and China are the largest holders of U.S. Treasury bonds. Japan increased its holdings of U.S. Treasury bonds by US$19.9 billion in March, bringing its holdings to US$1.1878 billion. China 3 In March, it reduced its holdings of U.S. Treasury bonds by US$7.6 billion, bringing its holdings to US$767.4 billion.

With Tether’s U.S. Treasury holdings ranking among the top, former Speaker of the U.S. House of Representatives Paul Ryan recently called for the U.S. to regulate stablecoins. He said that doing so would have two major benefits, including creating trillions of dollars in new demand for U.S. Treasury bonds. , and further integrate the US dollar into the digital digital asset ecosystem.

Global asset market value rose to 153rd

In addition, due to strong demand, Tether announced on the 17th that it would issue an additional 1 billion USDT on Tron Network. According to Lookonchain monitoring, in the past year, Tether Treasury has issued a total of 31 billion USDT on TRON and Ethereum.

With the continuous issuance of USDT, according to 8MarketCap data, the market value of USDT has reached US$111.45 billion, surpassing companies such as Chubb Insurance Group and Ping An Insurance, ranking 153rd in global asset market value.

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