The stablecoin company Tether has boosted its gold holdings by a staggering $4.8 billion.
Tether says it purchased 27 metric tons of gold in the fourth quarter of 2025, slightly larger than its 26 tons purchased in the third-quarter, reports Reuters.
By comparison, Poland’s central bank, the leading global central bank buyer, increased its gold reserves by 35 tons in the fourth quarter for a total of 550 tons.
Says Tether CEO Paolo Ardoino,
“We are operating at a scale that now places the Tether Gold Investment Fund alongside sovereign gold holders, and that carries real responsibility.”
Stablecoins maintain a stable value by being backed 1:1 by real-world assets like the US dollar.
The company issues the stablecoin Tether Gold (XAUT), which is fully backed by gold. XAUT’s market cap sits at about $2.7 billion market cap, up about 30% in the past three months as gold soars in value.
The company also issues the stablecoin USDT, which has a 1-to-1 peg to the dollar and is backed largely by U.S. Treasuries, with gold representing 7% of its backing as of September.
In a new interview with Bloomberg, Ardoino says the company now holds about 140 tons of gold, which is worth approximately $23 billion.
Gold is trading at $5,184 per ounce at time of writing, up more than 19% since January 1st.
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