According to Paolo Ardoino, CEO of Tether, as shared by @Crypto__Goku on Twitter, Tether now holds more US Treasuries than Germany, the UAE, Spain, or Australia, ranking as the 18th largest holder if considered a nation (source: @Crypto__Goku, May 23, 2025). This substantial reserve position strengthens Tether’s USDT backing and is seen as a critical factor for stablecoin reliability, impacting market confidence and liquidity across the cryptocurrency sector.