Is Tether Dropping Its US Market Ambition for USDT?
Tether released its Attestation Report for Q2 2025, showing a dramatic decrease in US Treasury bond purchases. The firm spent $7 billion on them last quarter, compared to $65 billion in Q1.
Although the company is buying Bitcoin and gold and making corporate investments, all its “cash equivalents”, like bond repurchase agreements and non-US Treasuries, barely rose or fell outright. This may complicate GENIUS Act compliance.
Why Doesn’t Tether Want US Treasuries?Tether, the world’s largest stablecoin issuer, has been making some very diversified investments lately. According to a recent report, interest from the firm’s US Treasury bonds allowed it to invest in over 120 companies.
Today, Tether released its Q2 2025 Attestation Report, confirming a slight increase in Treasuries holdings.
Tether just released its quarterly attestation for Q2 2025.
Highlights as of 30th June 2025:
* 157.1B total issued USDt, end of Q2 2025.
* 162.5B total assets/reserves, end of Q2 2025.
* 5.47B excess reserves, on top of the 100% reserves in liquid assets that back all issued… https://t.co/bejhVFkMYt pic.twitter.com/XYVmueWZ0G
