Tether currently holds 116 tons of gold, a scale approaching that of the central banks of South Korea and Hungary.
Foresight News: According to Cointelegraph, Tether currently holds 116 tons of physical gold, a scale comparable to central banks such as South Korea and Hungary, making it the largest gold holder outside the central banking system. Tether's gold purchases last quarter accounted for nearly 2% of global gold demand and nearly 12% of central bank gold purchases. Its recent continued buying may have already influenced short-term market sentiment.
The investors cited in the report believe that Tether's profits are expected to reach $15 billion this year, and the company may purchase another 100 tons of gold in 2025. In addition, Tether has invested over $300 million in the precious metals industry and supply chain this year. Since August, it has added 275,000 ounces of gold (about $1.1 billion) to mint the Tether Gold (XAUt) token, and the current market capitalization of XAUt is about $2.1 billion.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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