Tether Gold Reserves Soar as Gold Posts Worst Quarter in 13 Years

Tether Gold's physical gold reserves have increased by 9.5% in the second quarter, outpacing the decline of gold prices during this period.

Gold fell 14.1% in its worst quarterly performance since 2013, according to TradingView data.

Holders of Tether Gold are using periods of market weakness to increase their ownership of physical gold through a tokenized product that is fully backed, transparent, portable, and accessible on-chain, said Paolo Ardoino, CEO of Tether.