PANews January 28th News, according to Bloomberg, stablecoin issuer Tether Holdings SA has become one of the largest participants in the global gold market, holding approximately 140 tons of gold valued at about $23 billion. It is believed to be the largest known physical gold holder outside of banks and governments. Tether CEO Paolo Ardoino revealed that the company is continuously purchasing gold at a rate of 1 to 2 tons per week, aiming to establish a long-term, stable physical gold reserve in a former Swiss nuclear bunker. He emphasized that this move is similar to playing the role of “one of the world’s largest gold central banks” and predicted that geopolitical rivals will launch dollar alternative currencies linked to gold, for which Tether has prepared its gold token XAUT.
Tether purchased over 70 tons of gold in 2025, surpassing nearly all single central banks except the Polish central bank, and exceeding many large gold ETFs. In addition to direct holdings, Tether has also hired a former senior gold trader from HSBC to plan the establishment of a gold trading platform and compete with banks like JPMorgan Chase. The company is also acquiring shares in several Canadian mid-sized gold mining license companies.
Earlier reports indicate that Tether increased its gold reserves by approximately 27 tons in Q4 2025.
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