The stablecoin company Tether has significantly increased its gold reserves by $4.8 billion.
Tether announced that it bought 27 metric tons of gold in the last quarter of 2025, surpassing the 26 tons purchased in the previous quarter, as reported by Reuters.
In comparison, Poland’s central bank, the top global central bank purchaser, added 35 tons of gold to its reserves in the fourth quarter, bringing the total to 550 tons.
Tether CEO Paolo Ardoino stated, “We are now operating at a level that positions the Tether Gold Investment Fund alongside sovereign gold holders, which comes with significant responsibility.”
Stablecoins maintain stability by being fully backed by real-world assets such as the US dollar.
Tether issues the stablecoin Tether Gold (XAUT), backed entirely by gold. XAUT currently has a market cap of around $2.7 billion, showing a 30% increase in the last three months due to the rising value of gold.
The company also issues the stablecoin USDT, pegged 1-to-1 to the dollar and primarily backed by U.S. Treasuries, with gold accounting for 7% of its backing as of September.
In a recent interview with Bloomberg, Ardoino stated that the company now holds approximately 140 tons of gold, valued at around $23 billion.
Gold is currently trading at $5,184 per ounce, marking a more than 19% increase since the beginning of the year.
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