On January 27, news, the stablecoin giant Tether is accelerating its layout in the gold market. CEO Paul Ardoino stated that the company plans to become the “gold central bank” in the post-dollar era and actively trade its massive gold reserves. Ardoino pointed out that as potential US competitors may launch dollar substitutes backed by gold, Tether’s role in the global gold market will further expand. He believes that gold is “logically safer than any national currency.”
According to reports, Tether has accumulated nearly 140 tons of gold, stored in an underground facility built during the Cold War in Switzerland, second only to the gold held by central banks, ETFs, and commercial banks worldwide. Tether purchases about one to two tons of gold weekly and plans to maintain this pace in the coming months. With recent significant increases in gold prices, the total value of its gold reserves has exceeded $23.3 billion, with gold priced at approximately $5,234 per ounce.
Tether is expanding its trading business, not only holding gold reserves but also planning to actively trade to capture market arbitrage opportunities. Ardoino revealed that the company has hired two senior gold traders from HSBC to oversee precious metals market strategies. Additionally, Tether has acquired shares in Canadian listed companies such as Elemental Altus Royalties and Gold Royalty Corp. through equity investments to strengthen its presence in the precious metals sector.
In terms of stablecoin business, USDT still dominates globally, with a circulation exceeding $186 billion. Meanwhile, Tether’s issued Tether Gold (XAUT) has a market value of $2.62 billion, accounting for more than half of the gold stablecoin market. The company also announced today the launch of a new stablecoin USAT for US users and appointed former White House cryptocurrency policy advisor Bo Hines to the USAT team to enhance compliance and market expansion of dollar-pegged products.
Analysts believe that Tether’s strategy demonstrates a trend of deep integration between stablecoins and precious metals. As gold and other metal prices continue to strengthen, Tether not only consolidates its position in the global crypto financial market but also actively challenges traditional banks’ leadership in gold trading and asset management.
Disclaimer: The information on this page may come from third parties and does not represent the views or opinions of Gate. The content displayed on this page is for reference only and does not constitute any financial, investment, or legal advice. Gate does not guarantee the accuracy or completeness of the information and shall not be liable for any losses arising from the use of this information. Virtual asset investments carry high risks and are subject to significant price volatility. You may lose all of your invested principal. Please fully understand the relevant risks and make prudent decisions based on your own financial situation and risk tolerance. For details, please refer to
Disclaimer.
Related Articles
Tether Mints 1 Billion USDT, USDT Market Cap Surges Over $2 Billion in a Week
Tether minted one billion USDT, boosting its market cap by over two billion dollars in a week, reflecting rising demand for stablecoins.
GateNews8h ago
Rhea Finance Suffers a $18.4 Million Loss After an Oracle Attack: ZachXBT Warns, Tether Freezes 4.34 Million USDT, and the Attacker Returns Some Funds
Rhea Finance suffered an oracle manipulation attack on the NEAR Protocol, with losses reaching $18.4 million—double the initial estimate. The attacker manipulated the pricing of a fake token, causing collateral valuations to be incorrect. Tether froze about $4.34 million in USDT; the attacker returned roughly $3.5 million. To date, more than $7.8 million has been recovered, highlighting the importance of oracle security.
ChainNewsAbmedia14h ago
Tether Freezes $3.29M USDT Linked to Rhea Finance Exploit
Tether froze $3.29 million in USDT linked to Rhea Finance exploit, ensuring user protection and ecosystem trust. Blockchain tracking enabled this action against suspicious wallets after attackers moved funds to evade detection.
GateNews04-17 10:11
Tether 挹注 150M美元救援 Drift Protocol，反觀 Circle 因疏失遭集體訴訟
Drift Protocol faced a $280 million loss due to a hack, prompting Tether to launch a $150 million recovery plan, switching settlement assets to USDT. Meanwhile, Circle faces a lawsuit for failing to freeze stolen funds, highlighting regulatory ambiguities in the crypto industry.
ChainNewsAbmedia04-17 06:14
Former Treasury Secretary Paulson: Contingency plan for a U.S. debt crisis must be prepared in advance; consequences will be very severe
Former U.S. Treasury Secretary Henry Paulson urged U.S. authorities to draw up contingency plans to address a potential collapse in demand for U.S. national debt when he was interviewed by Bloomberg on April 17, 2026 (Thursday). He said that once a crisis erupts, the consequences would be extremely severe. On the same day, the U.S. Department of the Treasury completed the largest debt buyback in a single transaction in history, accepting approximately $15 billion in old bonds maturing from 2026 to 2028.
MarketWhisper04-17 05:08
