The latest minting spree has driven Tether’s total market capitalization to an all-time high above $160 billion.
According to him:
“[This is] a new mind-blowing milestone, a statement of the unrivaled utility of USDt as the digital dollar for billions of people living in emerging markets and developing countries.”
Meanwhile, the stablecoin company emphasized that its issued tokens remain fully backed.
In Q2 2025, Tether reported having over $127 billion in exposure to US Treasurys. This includes direct holdings, indirect exposure via money market funds, and reverse repo agreements.
This means if Tether were a country, it would rank as the 18th-largest holder of US government debt.
