Tether's $120B Gold Buying Spree Outpaces Central Banks

Since Q2 2025, one private company has been buying physical gold at an unprecedented pace. According to GoldSilver, this private buyer is Tether, and its buying habits have outpaced almost every central bank on earth.

The article explains how a gold-backed stablecoin works and why Tether's buying is 'price-insensitive by design.' A gold-backed stablecoin is a type of cryptocurrency that is pegged to the value of physical gold, allowing it to maintain a stable price regardless of market fluctuations.

Tether's massive gold purchases have significant implications for gold demand. The company has been buying physical gold at an alarming rate, which could lead to increased supply and potentially impact gold prices.

GoldSilver also features an interview with Adrian Day, where he discusses the significance of Tether's gold purchases and its potential impact on the gold market.