Tether expects to rank among the ten largest buyers of U.S. Treasury bills this year, according to Bo Hines, CEO of Tether USA₮, who spoke at the Bitcoin Investor Week conference in New York. Hines stated that rising demand for U.S. government debt reflects continued growth in USDT and the recent launch of USAT, a stablecoin structured to comply with the federal GENIUS Act framework.
Currently, USDT holds a market capitalization of approximately $185 billion, maintaining its position as the largest stablecoin by market value. Based on the company’s latest attestation, 83.11% of Tether’s reserves are allocated to U.S. Treasury bills, representing more than $122 billion in short-term government securities widely regarded as low-risk assets.
With that level of exposure, Tether already ranks among the top twenty global holders of U.S. Treasurys, including sovereign states. According to U.S. Treasury data, the company would place between Germany and Saudi Arabia in the ranking of foreign holders of U.S. government debt.
Hines also noted that USDT, launched in 2014, serves approximately 530 million users, with an estimated growth rate of 30 million new users per quarter. In addition, he explained that USAT, issued by Anchorage Bank, complies with the GENIUS Act requirements, which mandate that regulated stablecoins maintain a 1:1 backing in high-quality assets such as short-term U.S. Treasury bills.
According to accounting firm BDO, Tether holds approximately $6.3 billion in excess reserves. The company also reports ownership of around 140 tons of gold held in custody, positioning it among the larger corporate gold holders globally.
Source: Tether, U.S. Treasury, BDO, Bitcoin Investor Week
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