![Tether’s holdings of US treasuries currently rivals the world’s wealthiest countries](https://cryptoslate.com/wp-content/themes/cryptoslate-2020/imgresize/timthumb.php?src=https://cryptoslate.com/wp-content/uploads/2023/05/stablecoin-insight-.jpg&w=70&h=37&q=75)
Insights MacroStablecoins
Tether’s holdings of US treasuries currently rivals the world’s wealthiest countries
USDT's attestation report for Q1 2023 showed they held $53 billion worth of U.S. treasuries.ย
Quick Take
- Earlier this month Tether released its attestation report for Q1 2023, which showed that it held $53 billion worth of U.S. treasuries.
- Assuming the figures are reliable, Tether’s treasury holdings can be compared to the world’s wealthiest countries, according to Tether advisor Gabor Gurbacs.
- Tether (USDT) said it would use 15% of its net realized operating profits to purchase Bitcoin (BTC).
- CryptoSlate‘s May 19 market report provides more in-depth coverage of the purchase.
![US Treasury Holdings: (Source: ticdata.treasury.gov)](https://cryptoslate.com/wp-content/uploads/2023/05/UST.png)