The four major USDC issuers collectively hold around $182.4 billion in US Treasury bonds, surpassing South Korea and the UAE.

BlockBeats News, July 9th, according to Cryptoslate, the four major USD stablecoin issuers collectively hold approximately $182.4 billion in U.S. Treasury bonds, ranking 17th in the U.S. Department of the Treasury's holdings list by country, surpassing South Korea and the United Arab Emirates, and trailing only Norway. Tether's Q1 report showed holdings of $120 billion in Treasury bonds, with its CEO Paolo Ardoino stating at the end of May that the figure had exceeded $125 billion. Circle holds $55.2 billion in U.S. Treasury bonds and overnight repurchase agreements, First Digital holds around $1.3 billion in Treasury bonds, and Paxos holds around $880 million.