Tether holds $114.96B in US Treasury bills as Washington weighs stablecoin push abroad
- —Tether held $114.96 billion in directly held US Treasury bills against $187.75 billion in total reserves as of June 30
- —USDT accounted for more than 60% of the stablecoin market at the end of June
- —KPMG US completed an audit of Tether's 2025 financial statements with an unqualified opinion
- —Tether reported about $1.50 billion in second-quarter net operating profit
Why it matters: Stablecoins are becoming a geopolitical tool: demand for USDT supports demand for US Treasuries, lowering regulatory risk for Tether.
Source: CryptoSlate