Why has Tether purchased more gold than many national central banks? What signals does this send? The global financial system is undergoing a phase where non-state entities are competing with central banks to build gold reserves. As the issuer of Tether, the world’s largest #稳定币 #, Tether has now become one of the largest gold buyers. In a single quarter, the company’s gold purchases have surpassed those of most central banks during the same period.