Tether Holds $120 Billion in U.S. Treasuries, TRON Leads with $75 Billion USDT Circulation

Tether, the issuer of the USDT stablecoin, has increased its holdings of U.S. Treasury bills to approximately $120 billion, surpassing Germany’s $111.4 billion in Treasury holdings. This makes Tether the 19th largest holder of U.S. Treasury bills globally. Meanwhile, on the blockchain front, the TRON network has emerged as the leading platform for USDT circulation, with over $75 billion in USDT supply, exceeding 50% of Tether’s total issuance of $151.2 billion. TRON’s USDT supply now surpasses that of Ethereum by $12 billion, reflecting its growing dominance due to its reliability and low transaction fees.

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Source: https://thedefiant.io/news/blockchains/tether-holds-120-billion-u-s-treasuries-tron-leads-75-billion-usdt-circulation-ffa4c9ce