Tether is a MAJOR player in U.S. Debt.



​According to the latest data, Tether's $127 BILLION in U.S. Treasury holdings makes it the 18th largest holder globally, just behind Saudi Arabia (as of July 31, 2025)

​When you add Circle, the top stablecoin issuers (Tether & Circle) hold ~$155B in T-bills, equaling 2.5% of total U.S. T-bills.

​If the USD stablecoin market hits $2 TRILLION in 3 years, these issuers will become key marginal buyers of short-term Treasuries, fundamentally changing the bond market landscape.
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