Tether Explores Gold Supply Chain Investments Backed by $8.7B Reserves

Tether, the issuer of the USDt stablecoin, is expanding its footprint in the global gold market. The company is in talks with mining and investment groups to potentially invest across the gold supply chain, from mining to trading. This MOVE signals a strategic shift from passive gold holdings to active industry participation.

The stablecoin giant already holds $8.7 billion in physical gold reserves, stored in Zurich, backing its gold-pegged cryptocurrency XAUT. With a market cap of $1.4 billion, XAUT underscores Tether's growing influence in commodity-backed digital assets.

Tether's diversification strategy extends beyond gold. The company reported $162 billion in total reserves as of mid-2025, with 80% allocated to cash, cash equivalents, and short-term deposits—primarily U.S. Treasuries. This latest push into Gold supply chains reflects a broader ambition to deepen its role in both traditional and digital finance.