Tether Surges Past 146 Tons of Gold Amid Price Weakness

Tether, the world's largest stablecoin issuer, has continued its aggressive gold buying spree, snapping up 14 metric tons in the second quarter. This marks a significant increase from the 6 tons purchased in the first quarter and brings Tether's total gold reserves to a record high of 146 tons.

The value of this gold is approximately $18.8 billion (about NT$610 billion), cementing its position as the largest non-bank, non-sovereign institutional investor in gold globally.

Despite gold prices remaining under pressure due to inflation fears and geopolitical conflicts, Tether accelerated its purchases amid price weakness, demonstrating a strong commitment to its gold allocation strategy.