Tether Surpasses Germany in U.S. Treasury Holdings, Leads $244B Stablecoin Market with $757B USDT on TRON

Tether, the issuer of the stablecoin USDT, has surpassed Germany in U.S. Treasury holdings, positioning itself to potentially become the largest holder of U.S. Treasuries if Bitcoin reaches $1 million. Tether’s total USDT issuance stands at $1.512 billion, with $757 billion circulating on the TRON network, surpassing Ethereum’s $745 billion in USDT circulation.

The stablecoin market has reached a new all-time high, with over $244 billion in U.S. dollars now tokenized. This growth is driven by the increasing circulation of USDT and USDC on various blockchain networks, with TRON seeing a $2.12 billion increase in stablecoin circulation over the past week, while Ethereum experienced a $2.44 billion decrease. Tether holds $150 billion in U.S. Treasury bills, and USDC’s value has risen to 1.01.

Stablecoin regulation in the U.S. is gaining momentum, which could potentially enhance the global standing of the U.S. dollar. Over 99% of stablecoins are currently pegged to the dollar, and 1.1% of the U.S. dollar supply is now tokenized as stablecoins, suggesting that regulatory developments could further solidify the dollar’s position in the digital asset space.

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