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Tether's Gold Reserves Surpass $23 Billion, Ranking Among Top 30 Holders Worldwide

2026.02.09 15:51:42

On February 9, Wall Street investment bank Jefferies released a report noting that stablecoin issuer Tether has continued to expand its gold holdings. As of January 31, Tether’s gold reserves had risen to approximately 148 metric tons—valued at roughly $23 billion at current prices. The stockpile surpasses that of many sovereign nations and ranks among the world’s top 30 gold holders. The report details: - Tether added ~26 tons of gold in Q4 2025. - It purchased another ~6 tons in January 2026. - Its quarterly gold purchase volume is second only to a handful of central banks (including Poland and Brazil). Currently, Tether’s reserves exceed those of Australia, the UAE, Qatar, South Korea, and Greece. Jefferies emphasized the gold primarily backs Tether’s U.S. dollar stablecoin USDT and its gold-backed token XAUT. Since Tether is privately held, its disclosures are minimal—meaning actual holdings may be higher than reported. Tether CEO Paolo Ardoino previously stated the firm plans to allocate 10–15% of its portfolio to physical gold. (Source: CoinDesk)
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