Tether increased its gold holdings by 27 tons in the fourth quarter of last year, solidifying its important position in the gold market.
According to Reuters, the world's largest stablecoin issuer, Tether, announced on Monday that it increased its gold holdings by about 27 tons for its reserve fund in the fourth quarter of 2025, which is roughly on par with the approximately 26 tons purchased in the third quarter.
Currently, Tether's USDT stablecoin has a circulating market value of about $187 billion and is supported by a 1:1 dollar reserve mechanism, with reserve assets primarily consisting of U.S. Treasury bonds.
As of the end of September last year, USDT's gold reserves amounted to approximately 104 tons (valued at $12.9 billion), accounting for about 7%, but with the increase in the reserve fund in the fourth quarter, gold has become one of its key reserve assets.
At the same time, as of the end of 2025, Tether's gold-backed stablecoin XAUT holds approximately 16.2 tons of physical gold, accounting for 60% of the global supply of gold-backed stablecoins, with a market value of about $2.7 billion.
As one of the most active central bank buyers in the world, the Polish central bank's net increase during the same period was only 35 tons, highlighting Tether's purchasing power in the gold market has reached heavyweight status.
Tether CEO Paolo Ardoino emphasized that the company's current scale of gold investment is now comparable to that of certain sovereign nations, which also brings significant security responsibilities.
In summary, Tether's continuous gold purchasing actions not only signify that the cryptocurrency industry is deeply integrating into the traditional financial system but also indicate that its scale of gold purchases is now on par with the demand from central banks and traditional buyers such as ETFs.
This move not only positions it as a core force influencing gold prices but also continues to affect the supply-demand relationship and pricing logic in the gold market.