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Tether Becomes 17th Largest US Debt Holder with $135 Billion
Tether's Position in US Debt Holdings
- Tether, issuer of the stablecoin USDT, has become the 17th-largest holder of US debt, with $135 billion in US Treasury assets.
- The company surpasses countries like South Korea, UAE, and Germany. It aims to overtake Brazil next.
- Japan remains the largest holder of US Treasuries, exceeding $1.1 trillion.
Financial Milestones and Growth
- Tether anticipates net profits of nearly $15 billion by 2025, following substantial growth from $6.2 billion in 2023 to over $13 billion in 2024.
- The company's success is attributed to low costs and a model backed by US Treasuries.
- Maintains a leading share in the stablecoin market.
User Base and Ecosystem Expansion
- Tether has reached 500 million verified users.
- The gold-backed token XAUt exceeded $1 billion in market value, influenced by record-high gold prices.