Stablecoin Issuer Tether surpasses South Korea in the number of US Treasury bondholders after issuing more assets with full exposure to the US Treasury. How much US debt does the company hold?
summary
- Tether's US Treasury outperforms South Korea, Germany and the United Arab Emirates.
- Tether continues to generate net profits, reaching $4.9 billion in the second quarter of 2025 alone.
According to data from analytics firm Messari, the Paolo Ardoino-led company surpassed the ranks and surpassed three sovereign states in the number of US Treasury bonds it holds. On August 1st, the company was able to outperform South Korea. South Korea currently holds less than $127 billion in bonds.
In the second quarter of 2025, the USDT Stablecoin issuer significantly expanded its US government debt holdings, reporting more than $127 billion in US Treasury, including $100.5 billion in direct holdings and $21.3 billion. This marks an increase of $8 billion from the first quarter, increasing Tether's status as one of the largest holders of US debt worldwide, comparable to a sovereign state.
Sovereign states, movement.
Tether will become the 18th largest owner of the US Treasury. https://t.co/2gwzldt1j2
– Messari (@messaricrypto) July 31, 2025
Based on Messari's analysis, Stablecoin Firm remains the only company on the list with more US Treasury departments than other states listed. Apart from South Korea, Tether (USDT) also holds more U.S. Treasury bonds compared to the United Arab Emirates and Germany.
Both countries each hold US debt in excess of $100 billion.
Tether will become the 18th largest owner of the US Treasury | Source: Messari
You might like it too: Tether stores $800 million worth of gold in a secret Swiss safe: Report
Tether reserves exceed 2Q liabilities
Apart from the US Treasury milestones held, the report also confirms that tether reserves exceed liabilities, with total assets exceeding $162.6 billion in liabilities of $157.1 billion.
The company holds shareholders' equity capital of $5.47 billion in as a protected equity buffer, strengthening its financial strength and solvency. More importantly, the US Treasury Department's $127 billion will serve as the main support for the US Dollar, ensuring high liquidity and low risk for token holders.
In the second quarter of 2025, the USDT issuer was driven by US Treasury holdings and revenues from strategic reserves in Bitcoin (BTC) and gold, generating net profits of around $4.9 billion. Of the total annual profit of $5.7 billion, $3.1 billion comes from stable and repeated revenues, with the remaining $2.6 billion increasing profits from the mark to the market.
This financial performance allows businesses to continually reinvest and $4 billion has already been deployed in US strategic initiatives, including projects such as XXI Capital and Rumble Wallet.
You might like it too: Tether CEO announces updated Stablecoin Portfolio roadmap: Bitcoin mining, Tradfi and merchandise trading
