TechFlow news, July 9 — According to CryptoSlate, the four major dollar stablecoin issuers collectively hold approximately $182.4 billion in U.S. Treasury securities. If treated as a single entity, this amount would rank 17th in the U.S. Treasury's country-by-country holdings list, surpassing South Korea and the United Arab Emirates and trailing only Norway.
Tether's USDT holds the largest share, with audited figures showing $120 billion in Treasuries during Q1; CEO Paolo Ardoino stated at the end of May that this figure had exceeded $125 billion. Circle's USDC holds $55.2 billion (in Treasuries and overnight repurchase agreements), First Digital's FDUSD holds around $1.3 billion in Treasuries, and Paxos' PYUSD holds approximately $880 million.
