Stablecoin company Tether has increased its gold holdings by a whopping $4.8 billion.
Tether says it bought 27 tons of gold in the fourth quarter of 2025, slightly more than the 26 tons it bought in the third quarter. reports Reuters.
By comparison, Poland’s central bank, the world’s largest central bank buyer, increased its gold reserves by 35 tons in the fourth quarter to a total of 550 tons.
Says Paolo Ardoino, CEO of Tether,
“We operate on a scale that now places the Tether Gold Investment Fund alongside government gold holders, and that brings real responsibility.”
Stablecoins maintain a stable value because they are backed 1:1 by real assets such as the US dollar.
The company issues the stablecoin Tether Gold (XAUT), which is fully backed by gold. XAUT’s market capitalization is about $2.7 billion, up about 30% in the past three months, while gold is rising in value.
The company also issues the stablecoin USDT, which has a 1-to-1 peg to the dollar and is largely backed by US Treasuries, with gold accounting for 7% of the backing as of September.
In a new interview with Bloomberg, Ardoino say the company now owns about 140 tons of gold, which is worth about $23 billion.
Gold is trading at $5,184 per ounce at the time of writing, up more than 19% since January 1.
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