Tether Holds Over $5 Billion in Gold Reserves, Still Buying 1 to 2 Tons Weekly

By: theblockbeats.news|2026/04/17 07:42:13

BlockBeats News, January 29th, according to the Financial Times, as the price of gold hits record highs, the world's largest stablecoin company Tether's gold holdings have appreciated by over $5 billion.

Based on data disclosed by Tether, Jefferies Group estimates that as of the end of September, Tether held about 116 tons of gold, valued at around $14.4 billion at the time. At the end of September last year, the gold price was around $3,858 per ounce, but amid rising geopolitical uncertainty and investors flocking to safe-haven assets, it has now surged to over $5,200, meaning Tether has realized over $5 billion in appreciation on this part of its holdings.

This week, Tether stated that it further purchased 27 tons of gold bars in the fourth quarter of last year to back its gold-backed stablecoin, and just this year, this additional holding has appreciated by at least $700 million.
The current total value of Tether's gold holdings is around $24 billion, making it one of the biggest beneficiaries in this round of gold surge. According to the World Gold Council data, Tether has become one of the entities with the highest global gold holdings, with its gold reserves comparable to the Qatar central bank (the UK gold reserves are 310 tons). Jefferies analysts wrote in a report in November: "Tether is the largest non-central bank holder of gold, and its holdings are comparable to smaller central banks such as those of Korea, Hungary, and Greece."

BlockBeats Note: The figures given in the report are only very conservative estimates. Tether explicitly disclosed an additional purchase of 26 tons of gold in Q3 2025, holding 116 tons of gold at that time. Therefore, the company already held 90 tons of gold before Q3, with the timing and cost of this part of the holding not clearly disclosed. The "over $5 billion" in the Jefferies report is also calculated based on the Q3 holdings data. Tether also increased its gold holdings by 27 tons in Q4. Recently, CEO Paolo Ardoino stated that the company is currently buying 1 to 2 tons of gold per week and will maintain this pace in the "coming months."

Peeling back its smooth trading interface to examine the underlying legal relationships and settlement processes, you will find that this is far from a simple "RWA asset revolution," but rather a complex game of interests involving spot pricing, rights ownership, and the monopoly of underlying custo...

In such a crowded cross-border payment arena, where is the next stop for the future?

Only by stepping into the mud can one have the chance to touch gold.

Why Is Bitcoin Down in 2026? What We Can Learn From 2022

Why is Bitcoin down in 2026? Bitcoin has just recorded its worst first half since 2022, with back-to-back quarterly losses, record ETF outflows, and extreme fear. Here's what history says, how 2026 differs from the last bear market, and the three signals traders should wat

The large models in the United States are moving towards closure in the name of security

The government successfully inserted itself as an approver between commercial AI models and their users for the first time.

From the white-haired stock god to the billionaire fund mogul, the smart people shorting Nvidia are all getting rich using the same framework

Give up on heavily investing in Nvidia's "nine major bottlenecks"! This article analyzes the underlying logic behind top AI investors making billions: physical infrastructure such as electricity, HBM, and optical interconnects are the true keys to wealth in AI hardware.

Morning Report | CoinEx becomes a key hub for Iran to evade sanctions, involving over $3.8 billion in funds; Kalshi seeks a new round of financing, with a valuation potentially rising to $40 billion

Overview of Important Market Events on June 25

Global Launch: As predictions become the most scarce asset in the AI era, Manadia is defining the next generation of the value internet

The trusted AI prediction ecosystem Manadia, which has secured $7 million in funding from well-known institutions like OKX, will globally launch in June. The core token UMXM has already been listed on multiple mainstream platforms, inviting you to seize the new blue ocean of the trillion-level predi...

Why do cryptocurrency projects always like to change their names?

In many cases, the old names of encryption projects have no competitive advantage, only historical baggage.

Who is footing the bill for the $64 billion accounting frenzy?

Affected by Bitcoin falling below $60,000, publicly listed companies heavily invested in this asset are facing huge paper losses and valuation discounts, and their debt structure and accounting standards may trigger structural liquidity risks in the future.

I never expected that the first application of AI x Crypto would be in security auditing

AI has accelerated attack efficiency and also promoted the upgrade of defense systems. The security audit sector is undergoing a transition from a dividend model to a competitive model.

What is your view on Binance's competitive advantages?

When the dividends of rule arbitrage gradually approach zero, can we produce product strength, governance capability, and trust that are commensurate with its scale?

ETH has entered a non-consensus phase, and the turning point is approaching!

This has nothing to do with the Ethereum Foundation or Ethlabs; Ethereum needs to win by solving real problems.

The shift in the cloud of the air: from despising stablecoins a year ago to the high-profile entry of capital today

It can continue to question the cost-effectiveness of stablecoins in the G10 currency corridor, but it cannot ignore the structural opportunities of stablecoins in emerging markets, corporate finance, and on-chain settlements.

The survival dilemma of small and medium exchanges behind the withdrawal anomalies exposed by AscendEX

The living space is constantly being compressed.

Why Is Bitcoin Falling Below $60K? 5 Key Market Drivers Explained

Bitcoin has dropped sharply amid ETF outflows, Strategy stock weakness, AI stock rallies, and changing Fed expectations. Explore the key forces driving BTC’s latest correction and what traders should watch next.

Bitcoin vs. Gold in 2026: Which Asset Performs Better in Different Markets?

Bitcoin vs. gold in 2026: Why are both assets falling, and what does their changing correlation mean? Discover what drives Bitcoin and gold prices and how traders can navigate different market conditions.

The cryptocurrency industry has entered the "Show Me" era: merely relying on vision is no longer enough

The awareness level of the audience in the cryptocurrency industry—including media, institutions, and retail investors—is steadily increasing, and this trend has become a foregone conclusion.

Morning Report | Samsung announces a 265.5 trillion won investment plan, focusing on semiconductor and AI computing power data centers; Vitalik publishes an article detailing the entire technology tree behind the confusion protocol (iO) mainline

Overview of Important Market Events on June 29

What you bought on CEX is really not US stocks: Analyzing the 94% liquidation monopoly and the evaporation of equity under a five-layer pipeline

From the white-haired stock god to the billionaire fund mogul, the smart people shorting Nvidia are all getting rich using the same framework