According to Odaily Planet Daily, Tether's first quarter consolidated financial data showed that as of March 31, it directly and indirectly held $91 billion in U.S. Treasury bonds, ranking between South Korea and Germany, making it the 19th largest holder of U.S. Treasury bonds among sovereign countries. At the same time, the company also holds $5.4 billion worth of Bitcoin. In addition, former House Speaker Paul Ryan advocated for the regulation of stablecoins in a video clip shared by Radar for two reasons: one is to increase demand for U.S. Treasury bonds, and the other is to further consolidate the position of the U.S. dollar in the digital digital asset ecosystem.