Tether, the corporate that points the stablecoins USDT (pegged to the US greenback) and XAUT (pegged to gold), is stepping up its technique of accumulating bodily gold and establishing itself as one of many main holders of gold globally.
In accordance with a consumer report by funding financial institution Jefferies printed as we speak, February 9, and cited in varied media. Tether's bodily gold reserves amounted to a minimum of 148 tons as of January 31, 2026price roughly $23 billion.
This determine is because of roughly 26 tonnes acquired within the fourth quarter of 2025 and an extra 6 tonnes in January 2026, bringing the estimated complete for this era to 32 tonnes.
These acquisitions made Tether doable Exceeds the official gold reserves of nations equivalent to Australia and the United Arab Emiratestogether with Qatar, South Korea and Greece, are among the many world's high 30 largest bullion holders.
Construction and evolution of Tether gold reserves
The size of those purchases places Tether in an uncommon place for a non-public firm, with central banks historically monopolizing international demand for the metallic.
This dynamic has made Tether a veritable “golden vacuum cleaner” in international markets, absorbing massive quantities of knowledge at a charge quicker than many nation-state actors.
The corporate stated in its certification, dated to the fourth quarter of 2025, that as of the top of the 12 months, Tether already had gold reserves price roughly $17 billion, equal to roughly 126 tonnes on the then-current value.
The construction contained ingots of assorted sizes. As proven within the desk beneath, there have been 1,291 items of 12.5 kg (519,317 troy ounces), 15 items of 1 kg (482,220 troy ounces), and 18 items of 0.5 kg (289,332 troy ounces). The troy ounce is the worldwide customary weight unit for treasured metals equivalent to gold and is used to make sure the accuracy of measurements worldwide.
Tether CEO Paolo Ardoino confirmed this technique in January, as reported by CriptoNoticias. The corporate is buying gold at a charge of 1-2 tonnes per week and plans to keep up this stage for the approaching months.
Mr. Ardoino defined the objective of positioning Tether as one of many world's main gold holders. just like the position of a central financial institution.
Concentrate on bodily gold and safety
Tether prioritizes holding bodily gold, which is saved in a former nuclear bunker in Switzerland owned by Tether and guarded by a number of layers of safety, together with thick metal doorways. The corporate didn’t present particulars concerning the precise location or different particular traits. For safety causes, this website can’t be accessed. In accordance with Ardoino, this set up ensures the integrity of the asset.
The chief emphasised that gold is valued for its liquidity and as a reserve asset with no counterparty obligations.
This imaginative and prescient is a part of a interval of serious revaluation for gold, which reached historic highs of over $5,500 per ounce on the finish of January 2026, pushed by the seek for a secure haven within the face of macroeconomic uncertainty and diversification from the US greenback. The value has since corrected, however stays at $5,000 per ounce as of February 2026, as seen on the chart.
Tether reveals monetary standing
Tether's certification report as of the top of 2025 reveals a robust monetary basis to assist these acquisitions. Whole belongings and reserves $192 billionhas extra reserves of over 6.3 billion and all issued tokens are 100% backed by liquid belongings.
Along with gold, this assist is backed by $122 billion price of U.S. debt. Tether is without doubt one of the world's largest holders of U.S. Treasuries. In accordance with the report for the fourth quarter of 2025, Bitcoin (BTC) has an identical worth of 96,184 BTC, price roughly $8.4 billion.
Diversification combines publicity to stability (bonds and money) and store-of-value belongings (gold and Bitcoin). The corporate's funding portfolio exceeds $20 billion and has the power to proceed its gold accumulation technique within the quick and medium time period.
The transfer displays strategic diversification on Tether's steadiness sheet, combining Tether's position within the stablecoin ecosystem with elevated publicity to value-storing belongings.
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