The four major USD stablecoin issuers hold $182.4 billion in U.S. Treasury bonds, surpassing the scale of South Korea and the UAE

ChainCatcher news, according to CryptoSlate, the four major USD stablecoin issuers collectively hold approximately $182.4 billion in U.S. Treasury securities. When viewed as a whole, this amount would rank 17th in the U.S. Treasury's holdings by country, surpassing South Korea and the UAE, and only behind Norway.

Tether's USDT accounts for the largest share, with a first-quarter certification showing holdings of $120 billion in Treasury securities. CEO Paolo Ardoino stated at the end of May that this figure has exceeded $125 billion. Circle's USDC holds $55.2 billion (in Treasury securities and overnight repurchase agreements), First Digital's FDUSD holds approximately $1.3 billion in Treasury securities, and Paxos' PYUSD holds about $880 million.