Tether Becomes Seventh-Largest Overseas Buyer of U.S. Debt in 2025, Stablecoin Regulation Battle Splits Trump Supporters

BlockBeats News, February 13th. According to the Financial Times, Tether made a net purchase of $28.2 billion in U.S. Treasury bonds in 2025, becoming the seventh largest foreign buyer. Its U.S. bond holdings, along with Circle's, now exceed those of countries like South Korea and Saudi Arabia. U.S. Treasury Secretary Scott Bessent believes stablecoins are a tool to promote the U.S. dollar and absorb U.S. debt, with the industry expected to grow from the current $300 billion to $30 trillion.

Currently, the banking sector is competing with the cryptocurrency industry over stablecoin regulation. JPMorgan Chase CEO Jamie Dimon and Coinbase CEO Brian Armstrong disagree on related terms. Banks are concerned that allowing third parties to pay interest on stablecoins will divert retail deposits to stablecoins, increasing financial risks. This game has led to divisions among Trump's supporters, involving conflicts of interest between Wall Street banks and crypto industry donors.