I just came across an interesting piece of news. Reports say that Tether executives revealed at a meeting in New York that their ambitions are quite large—their goal is to become one of the top ten holders of U.S. Treasuries by the end of 2026.

Just think how wild that is. As the world’s largest stablecoin issuer, Tether’s USDT circulation has already surpassed $189 billion. More importantly, they’ve put more than 83% of their reserves into U.S. Treasuries, which means their holdings alone are close to $16 billion—already placing them among the top twenty global holders of U.S. debt.

And this growth rate is still accelerating. It’s said that USDT adds about 30 million new users each quarter. Combined with their recently launched new stablecoin, USAT (geared toward requirements tied to U.S. Treasury bill legislation), these two factors together will only drive demand for U.S. Treasuries higher and higher.

To be honest, this reflects a very interesting phenomenon: leading projects in the crypto market are gradually making inroads into traditional finance. Tether has evolved from a purely crypto infrastructure provider into an institutional investor holding massive amounts of U.S. dollars. This shift in status to a top-tier player is hugely meaningful for building credibility across the entire industry.

If they can truly break into the top ten within two years, it would mean that the stablecoin business model has gained substantive recognition from traditional financial markets. For related assets on Gate, it could be a very strong positive signal.