Ranked: The Biggest Buyers of U.S. Debt

This is part of our Stablecoin Week series, an editorial partnership between Visual Capitalist and Plasma where we explore how stablecoins are redefining money movement.

Key Takeaways:

• The Cayman Islands bought the most U.S. debt in the year spanning June 2024–June 2025.
• When compared to foreign holders, stablecoin issuers rank as the seventh-largest buyer of American debt.
• Stablecoin issuers rank above countries like Singapore and Norway.