Tether amassed 116 tons of gold

Tether, the company known for issuing the USDT token, reported that by autumn 2025 it had accumulated 116 tons of pure gold. This amount exceeds the gold reserves of Denmark, Hungary, Qatar, and South Korea, making Tether one of the largest private holders of the precious metal in the world. According to the company itself and analysts from Jefferies, Tether's dollar-denominated liabilities are covered by investments in U.S. bonds, while additionally they hold gold as a reliable reserve asset.

It is claimed that incorporating gold allows the company to reduce the risk of debt devaluation due to inflation or changes in Federal Reserve policy. As sources note, such diversification makes USDT a more stable instrument for trading, transfers, and storing funds than many traditional financial assets.

Considering that USDT is used by millions of users worldwide, strengthening its reserves could increase confidence in cryptocurrencies and impact global gold prices, regulatory frameworks, and the global financial system.

Context

Tether Ltd. is the issuer of the US dollar-pegged stablecoin USDT. Until recently, questions about the transparency of this company's reserves sparked debates among investors and regulators.