"Tether purchased 26 tons of gold in Q3 2025, a larger quarterly acquisition than any reporting central bank. Its total holdings reached 116 tons, placing it among the world's top 30 gold holders. Stablecoin issuers, sovereign wealth funds, corporations and tech firms are increasingly active in gold markets. This trend marks a structural shift in global demand once dominated by central banks."
"The global financial system is witnessing a period when non-state entities are competing with central banks to build gold reserves. Central banks added 220 tons of gold in Q3 2025, up 28% from Q2. Countries such as Kazakhstan, Brazil, Turkey and Guatemala made notable additions despite record prices. While central banks buy gold for national monetary policy, Tether's purchases come from profits and support diversification, resilience and collateralization for USDT."
Tether purchased 26 metric tons of gold in Q3 2025, raising its reported holdings to about 116 tons. Analysts at Jefferies estimated the purchase made Tether the single-largest gold buyer that quarter, exceeding combined purchases of reporting central banks. At 116 tons, the holdings would rank Tether among the top 30 official gold holders, above countries such as Greece, Qatar and Australia. Central banks collectively added roughly 220 tons in Q3 2025, a 28% increase from Q2, with Kazakhstan, Brazil, Turkey and Guatemala notable buyers despite record prices. Tether financed its purchases from profits to diversify reserves, strengthen resilience and collateralize USDT.
Read at Cointelegraph
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