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Tether Amasses 116 Tons of Gold, Rivaling Central Bank Reserves
Tether Amasses 116 Tons of Gold, Rivaling Central Bank Reserves
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BTCCSquare news:
Tether has emerged as one of the world's largest non-sovereign holders of gold, with its reserves now totaling 116 tons. The stablecoin issuer accumulated 26 tons in Q3 2025 alone—equivalent to 2% of global gold demand during the period. Jefferies estimates 12 tons back its XAUt token, while 104 tons support USDT, representing 7% of Tether's reserves.
The company's aggressive accumulation strategy includes over $300 million invested in gold mining firms and the hiring of two former HSBC metals traders. Gold prices have surged 50% this year, currently trading NEAR $4,080 per ounce. Tether's pace of buying suggests potential for nearly 60 tons in additional annual acquisitions.
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