Tether Gold

Gold

would

Stablecoin issuer Tether, the creator of USDt (<a href="/tether-price-index" rel="noopener noreferrer">USDT</a>), has begun discussions with mining and investment groups about deploying capital across the gold supply chain, <a href="https://www.ft.com/content/135fb3dd-2395-4f04-8cc6-7fb0e87cd092" rel="noopener noreferrer nofollow" target="_blank">according</a> to the Financial Times. The move would further diversify Tether's portfolio risk.
According to the report, Tether has been exploring deploying capital across several sectors in the gold business, including gold mining, refining, trading and royalty companies.
The company has <a href="https://assets.ctfassets.net/vyse88cgwfbl/2SGAAXnsb1wKByIzkhcbSx/9efa4682b3cd4c62d87a4c88ee729693/ISAE_3000R_-_Opinion_Tether_International_Financial_Figure_RC187322025BD0201.pdf" rel="noopener noreferrer nofollow" target="https://assets.ctfassets.net/vyse88cgwfbl/2SGAAXnsb1wKByIzkhcbSx/9efa4682b3cd4c62d87a4c88ee729693/ISAE_3000R_-_Opinion_Tether_International_Financial_Figure_RC187322025BD0201.pdf">accumulated</a> $8.7 billion worth of physical gold, which is stored in a vault in Zurich, Switzerland. The reserves back Tether Gold (<a href="/tether-gold-price-index" rel="noopener noreferrer" target="/tether-gold-price-index">XAUT</a>), the firm’s gold-pegged stablecoin with a market capitalization of about $1.4 billion.
Tether’s push into gold broadens its risk profile. Of its $162 billion in reserves, about $130 billion, or 80%, is held in cash, cash equivalents and short-term deposits, including $127 billion in direct and indirect US Treasury exposure. The company reported $5.7 billion in net profit in the first half of 2025, <a href="https://assets.ctfassets.net/vyse88cgwfbl/2SGAAXnsb1wKByIzkhcbSx/9efa4682b3cd4c62d87a4c88ee729693/ISAE_3000R_-_Opinion_Tether_International_Financial_Figure_RC187322025BD0201.pdf" rel="noopener noreferrer nofollow" target="_blank">according</a> to a June audit report.
Year-to-date, the price per ounce of gold has risen to about $3,600 at time of writing, representing a 36.5% surge in 2025, data by APMEX <a href="https://www.apmex.com/gold-price" rel="noopener noreferrer nofollow" target="_blank">shows</a>.
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 <img alt="Gold, Investments, Tether" src="https://s3.cointelegraph.com/uploads/2025-09/01991bf1-e9e4-7bf9-ba27-e8100422feec" title="">
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 Gold spot price YTD. Source: <a href="https://www.apmex.com/gold-price" rel="noopener noreferrer nofollow" target="_blank">APMEX</a>
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Cointelegraph reached out to Tether for comment but had not received a response at the time of publication.
Tether has waded into the commodities market before. In October 2024, the company considered <a href="https://cointelegraph.com/news/tether-mulls-lending-commodity-traders-report" rel="noopener noreferrer nofollow">lending some of its profit to commodity traders</a>. In November 2024, Tether <a href="https://cointelegraph.com/news/tether-expands-oil-trading-45-m-transaction" rel="noopener noreferrer nofollow">expanded into oil trading</a> through a $45 million financed crude oil transaction.
On Friday, Tether increased its stake in Canadian gold royalty company Elemental with a $100 million share purchase, Bloomberg <a href="https://www.bloomberg.com/news/articles/2025-09-05/tether-expands-gold-strategy-by-adding-to-stake-in-canadian-firm" rel="noopener noreferrer nofollow" target="_blank">reported</a> on Friday. The stablecoin issuer already owns 37.8% of the company, which acquires revenue streams from gold mining operations.
Magazine: <a href="https://cointelegraph.com/magazine/crypto-banks-stablecoin-fight/" rel="noopener noreferrer nofollow">Legal Panel: Crypto wanted to overthrow banks, now it’s becoming them in stablecoin fight</a>

Tether holds talks to invest across gold supply chain: Report

Cointelegraph

Other articles published on Sep 5, 2025

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