Tether Gold Reserves Surge Amid Gold's Worst Quarter Since 2013
Tether Gold's physical gold reserves saw a 9.5% increase in the second quarter, reflecting growing demand for tokenized gold exposure.
The value of gold fell by 14.1% during this period, its worst quarterly performance since the second quarter of 2013, according to TradingView data.
Tether CEO Paolo Ardoino noted that holders of Tether Gold are not just buying when prices rise but also using market weakness to increase their ownership of physical gold through a fully backed and transparent product.