Tether has surprisingly become the world's largest gold "wholesaler" in the third quarter of 2025!
Tether bought 26 tons of gold in one go! This data is quite staggering!
What does this mean? In comparison, during the same period, the People's Bank of China (as a major global gold buyer) purchased 5 tons. This figure from Tether places it at the top of the global gold purchasing list.
We can't help but ask: What is Tether aiming for with such a large-scale accumulation of gold?
Is it a hedge against risk? In the current global economic environment filled with uncertainties, is Tether shifting part of its reserves to gold, which is seen as the "ultimate safe-haven asset," to enhance the reliability of its USDT backing?
Is it positioning for stablecoins? Another possibility is that Tether is preparing to significantly increase the gold backing of its stablecoin market value (such as XAUT). Such a massive gold reserve would provide an unparalleled foundation of trust for its gold-backed stablecoin.
Regardless of the reason, giants in the crypto world are entering the realm of traditional finance on an unprecedented scale. The intersection of gold and digital assets is becoming deeper and deeper!
What do you think? Is Tether's "gold procurement" a stroke of genius or an overexpansion? Feel free to discuss in the comments! 👇
