Tether Increases Gold Holdings by $4.8 Billion
- Tether purchased 27 metric tons of gold in Q4, totaling $4.8 billion.
- This is an increase from the previous quarter’s purchase of 26 tons.
- Tether now holds approximately 140 tons of gold valued at around $23 billion.
- Gold prices have risen over 19% since January, currently at $5,184 per ounce.
Tether’s significant investment positions its stablecoin offerings alongside major sovereign gold holders. The company issues Tether Gold (XAUT), which is fully backed by gold and has seen a market cap increase of about 30% in the last three months.
With this latest acquisition, Tether is solidifying its role in the gold market while maintaining a stable value through real-world assets. The company’s total gold holdings reflect a growing trend among stablecoins to diversify their asset backing. (Source)
