Tether Now Holds More US Debt Than South Korea, Germany: CEO Paolo Ardoino Says Stablecoin Issuer Will Soon Surpass Brazil With $200 Billion Target

Paolo Ardoino, CEO of Tether (CRYPTO: USDT), announced Wednesday that the stablecoin issuer holds more U.S Treasuries than countries like South Korea and Germany.

Tether On Track To Be A $200 Billion Holder, Says CEO

In an X post, Ardoino revealed that Tether has become the 17th largest holder of U.S. sovereign debt, with $135 billion in treasuries. This places the company ahead of South Korea, Saudi Arabia and Germany.

Ardoino expressed confidence that Tether would soon overtake Brazil, which currently holds about $200 billion in U.S. treasuries, according to data from the Treasury Department.

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