Crypto company Tether pursues large-scale gold acquisitions

Investing in crypto AND gold? It's definitely not a crazy combination. For example, crypto company Tether buys up to 2 tons of gold every week. By adopting this strategy, it already holds more bullion than most central banks.

Tether, the company behind the USDT stablecoin, has greatly increased its gold buying to support reserves and products such as the XAUT gold token. 

During the fourth quarter of 2025, it bought about 27 tons of physical gold, bringing its total holdings for the year to about 116 tons - putting it among the world's largest gold buyers, comparable to central banks. 

Tether finances these purchases mainly from profits on USDT issuance and interest on U.S. government bonds. The gold is stored in Swiss vaults under London Good Delivery standards and supports XAUT, which accounts for more than 60% of the gold-backed stablecoin market (now worth about $4 billion). 

XAUT maintains strict 1:1 coverage, with 520,089 troy ounces of fine gold (about 16 tons) by the end of 2025. CEO Paolo Ardoino targets 10-15% gold in Tether's portfolio by 2026, putting it in the world's top 30 gold holders.

(MP/©The Global Money/Source: en.beincrypto - Reuters - Newsbit/Illustration: Zlaťáky.cz via Unsplash)