Tether’s U.S. Treasury holdings surpass Germany’s, ranking 19th in the world

Tether's first-quarter consolidated financial data showed that it directly and indirectly held $91 billion in U.S. Treasuries as of March 31. At the same time, the company also held $5.4 billion worth of Bitcoin. Tether is the 19th largest holder of U.S. Treasuries among sovereign countries, between South Korea and Germany. In addition, a video clip shared by Radar on X shows that former House Speaker Paul Ryan advocated for the regulation of stablecoins for two reasons: increasing demand for U.S. Treasuries and further consolidating the dollar's position in the digital digital asset ecosystem. (CryptoSlate)