Tether holds $135 billion in US Treasury bonds, surpassing South Korea to become the 17th largest holder of US debt.

Jinse Finance reported that Tether CEO Paolo Ardoino stated that the stablecoin Tether holds $135 billion in U.S. Treasury bonds. If considered as a country, it would surpass South Korea to become the world's 17th largest holder of U.S. Treasury bonds. Tether's holdings are close to those of Brazil and rank just behind Norway. Japan remains the largest foreign holder of U.S. Treasury bonds, with holdings exceeding $1.1 trillion, followed by the United Kingdom and China.