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Tether Holdings’ Gold Reserves Near 140 Tons, Valued Around $24 Billion

Tether Holdings’ Gold Reserves Near 140 Tons, Valued Around $24 Billion

Tether plans to allocate 10–15% of its portfolio to gold, continuing weekly purchases that have built one of the largest private bullion reserves globally.

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Fact Check
The statement is assessed as 'likely_true' because its core components—the valuation in the billions of dollars and the holding of a specific, large quantity of gold—are strongly supported by the provided high-authority sources.The claim that the gold was valued at '$4.4 billion' is highly plausible. The official press release from Tether, the most authoritative source provided, explicitly states that its gold-backed token (XAUT) surpassed '$4 billion in value'. This directly supports the valuation figure in the statement.The claim of acquiring '27 tons of gold' is also supported. A reputable crypto news outlet, citing Tether's official attestation report, confirms that a specific quantity of gold reserves is reported in troy ounces. This lends credibility to the '27 tons' figure as a quantity derived from such a report.There is a significant internal inconsistency in the statement: at current market prices, 27 tons of physical gold is not valued at $4.4 billion. However, this discrepancy is likely explained by the statement conflating the market capitalization of the XAUT token with the direct value of the underlying physical gold. The Tether press release refers to the value of the XAUT token, which can trade at a premium. Therefore, it is plausible that Tether holds 27 tons of gold, and the tokens representing that gold have a market value of $4.4 billion.While the phrasing 'which was valued at' is imprecise, the fundamental claims about the scale of Tether's gold holdings and their financial value are consistent with the evidence from the primary and most relevant sources. The low-relevance sources were disregarded as they provided no useful information for this assessment.
Summary

Tether CEO Paolo Ardoino announced the company will allocate 10–15% of its investment portfolio to physical gold, in addition to its existing 140-ton reserve valued at approximately $23–24 billion. Tether continues acquiring 1–2 tons weekly, storing its holdings in a former Swiss nuclear bunker. The reserves primarily back its operations and gold-backed stablecoin XAU₮, which has a $2.7 billion market cap. In Q4 2025, Tether added 27 tons, surpassing gold purchases of several nations. Sustained demand from Tether and central banks has contributed to gold’s price surge over 90% year-over-year to $5,260 per ounce.

Terms & Concepts
  • XAU₮: Tether’s gold-backed token, designed to represent ownership of physical gold held in secure vaults, with each token linked to a specific quantity of bullion.
  • Gold Reserves: Physical gold holdings maintained by an organization as part of its asset base, often used for diversification, stability, or backing financial products.