The amount of gold on Tether's balance sheet is equal to the reserves of Hungary and South Korea
According to Jefferies, Tether, a well-known issuer of the USDT stablecoin, owns 116 tons of gold, which is comparable to the reserves of countries such as Hungary and South Korea. This achievement illustrates the significant growth of the company's inventory, which in the last quarter has already contributed to approximately 2% of global gold demand and 12% of total purchases by central banks.
Source Incrypted
Tether plans to purchase about 100 tons of physical gold in 2025, which confirms the high profitability of their business. At the same time, experts note that this metal will not be able to be used in the reserve policy of the new stablecoin. The growing demand for tokenized gold makes this investment strategically beneficial, as owning physical gold is expensive for investors.
The launch of new gold-based products, such as USAT, can consolidate Tether as one of the leading players in the metal-backed crypto asset segment. This demonstrates the rapid development of the cryptocurrency industry and the attention of companies to the new digital market.
