Tether’s Gold Rush: Stablecoin Giant Doubles Down on Bullion with Major Mining Move

Tether just placed a massive bet on physical gold—and it's digging straight to the source.

The stablecoin behemoth, known for its $100B+ USDT empire, is now eyeing strategic investments in gold mining operations to ramp up its exposure to the precious metal. No more playing middleman—Tether's going straight for the veins.

Why Mine When You Can Own the Mine?

Forget ETFs or vaults. Tether’s latest power move cuts out traditional finance entirely—bypassing paper gold and going straight for hard assets. It’s a physical play in a digital world, and it’s bullish as hell.

Because nothing says 'stable' like controlling the supply chain. Especially when Wall Street’s idea of 'gold exposure' still involves trusting someone else’s spreadsheet.

Tether’s not just hedging—it’s building a fortress. And this time, it’s made of real gold.

Strategic Shift or Speculative Gamble? 

Tether’s growing interest in gold has caught the traditionally conservative mining industry off guard. One mining executive remarked, “They like gold. I don’t think they have a strategy.” Another added, “It is the weirdest company I have ever dealt with.”

Despite the skepticism, Tether is positioning itself as a bridge between the digital and physical asset worlds. It currently holds $8.7 billion in gold bars. These are stored in Zurich and used as collateral for its XAUt token, a cryptocurrency backed by physical gold. Although the token still trails behind USDT in adoption. 

Reportedly, Tether also explored deals with firms like Terranova Resources and expanded into commodity trade finance, building a billion-dollar trading book to finance raw material shipments. However, this didn’t turn into a deal. 

With over $168 billion in market cap and $5.7 billion in H1 2025 profits, Tether’s pivot to gold shows a long-term vision to diversify and de-risk its portfolio. This also aligns with its view of gold as a stable and enduring store of value.

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