Tether Gold Reserves Rise Amidst Bullion's Worst Quarter Since 2013

Tether Gold's physical gold reserves rose by 9.5% in Q2, bucking the trend of spot bullion which saw a 14.1% decline during the same period.

This increase in reserves is attributed to investors using Tether Gold (XAUt) for its full backing, transparency, liquidity, and on-chain accessibility even during weak market conditions.

Tether CEO Paolo Ardoino noted that holders do not buy the token only when gold prices are rising. Instead, they use opportunities like this to increase their physical gold exposure through a product that offers these key benefits.