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Tether Slows Down Gold Purchase Pace: Increased Holdings by Approximately 6 Tons in Q1, Holding a Total of Approximately 154 Tons of Gold

2026.05.02 10:56:30

NEW YORK, May 2 (Reuters) - Tether slowed its gold purchases in the first quarter of 2026 to support its USDT stablecoin, per Reuters reporting. Quarterly data shows its gold buying volume fell to roughly 6 metric tons, down from 27 tons in the prior quarter. As of March 31, Tether’s gold reserves backing USDT rose to about 132 metric tons (valued at ~$19.8 billion), accounting for roughly 10% of its reserve structure. U.S. Treasury bonds remain its primary asset at ~$117 billion, while Bitcoin reserves total ~$7 billion. Separately, gold reserves for XAUT — Tether’s gold-backed stablecoin — increased to ~22 metric tons. Combined, the two product lines hold about 154 metric tons of gold. Tether had previously planned to allocate 10% to 15% of its ~$20 billion investment portfolio to physical gold, but the dedicated trading team for these transactions was disbanded in March this year due to management structure constraints.
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