Odaily Planet Daily News According to data tracked by Tagus Capital, stablecoin issuers currently hold more than $120 billion in U.S. Treasury bonds. It has become the 18th largest holder of U.S. Treasury bonds in the world, surpassing major current account surplus countries such as Germany and South Korea. Data shows that by market value, Tether Ltd, the issuer of the dollar-pegged cryptocurrency Tether (USDT), alone holds about $91 billion in U.S. Treasury bonds, while Circle, the issuer of USDC, holds $29 billion worth of short-term U.S. bonds (including repurchase agreements). (Coindesk)