Quick Take
This month, the USDT attestation report for Q1 2023 showed it held $53 billion worth of U.S. treasuries.
If Tether were a country, it would be the 25th largest holder of U.S. treasuries.
Tether (USDT) said it would use 15% of its net realized operating profits to purchase Bitcoin (BTC). CryptoSlate‘s recent market report provides more in-depth coverage of the purchase.
The data below demonstrate the range of nations holding U.S. treasuries, which CryptoSlate analyzed assuming Japan and China continue to lessen dependency on U.S. treasuries.
US Treasuries: (Source: Gabor Gurbacs)
US Treasury Holdings: (Source: ticdata.treasury.gov)
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