From Cointelegraph
May 19, 2025 05:33 am:

Tether now holds $151 billion in US Treasury bills, surpassing Germany’s holdings of $111.4 billion. Tether’s conservative reserve strategy helped it become the 19th largest entity in terms of T-bill investments worldwide. The stablecoin giant reported over $1 billion in operating profit for Q1 2025 from traditional investments, offsetting crypto market volatility.

US stablecoin regulations could impact Tether’s investments in its dollar-pegged stablecoin. The industry awaits progress on the STABLE Act, which passed the House Financial Services Committee, and the GENIUS Act, which stalled due to lack of support from key Democrats. At least 60 top crypto founders gathered to support the GENIUS Act in Washington, DC on May 14.

Read more at Cointelegraph: Tether surpasses Germany’s $111B of US Treasury holdings