Tether Gold Reserves Surpass 140 Tons Amid Surging Gold Demand
Tether has emerged as a dominant force in the global gold market, now holding over 140 tons of the precious metal—worth nearly $24 billion—according to Bloomberg. This positions the company as the largest known private holder of gold outside of banks and governments, marking a significant evolution from its origins as a crypto issuer.
The reserves, stored in high-security Swiss bunkers including nuclear-grade vaults, back Tether’s gold-pegged token XAU₮ and reinforce the stability of its broader reserve structure supporting USDT. CEO Paolo Ardoino envisions gold as a cornerstone of the future financial system, with Tether aspiring to function as a 'gold central bank' amid declining trust in fiat currencies.
The company’s aggressive accumulation—adding 70 tons in 2025 alone, including 27 tons in Q4—has outpaced central banks, prompting industry observers like Bitwise CIO Matt Hougan to note the shifting balance of financial power.
