Tether Surpasses Central Banks as World's Largest Private Gold Holder

Tether, the issuer behind the world's largest stablecoin USDT, has reached a significant milestone in the global gold market. The company purchased an additional 14 tons of gold during the latest quarter, bringing its total gold holdings to approximately 146 tons valued at around $18.8 billion.

This accumulation has positioned Tether as the largest known private holder of gold outside central banks and sovereign governments. This shift highlights how cryptocurrency companies are managing their reserves and financial strategies.

Supporters argue that diversification strengthens Tether's financial position by reducing reliance on a single category of assets, providing additional protection against economic instability, and strengthening confidence in USDT's long-term resilience.